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regular-article-logo Thursday, 14 November 2024

Ford staff expect better severance package from tripartite talks

There have been 68 meetings, including discussions with senior govt officials since the company’s business restructuring exercise was announced in Sept 2021

PTI Chennai Published 11.09.22, 02:39 AM
Ford's tripartite talks scheduled to be held next week.

Ford's tripartite talks scheduled to be held next week. File Picture

Employees at the factory of auto major Ford are hoping for a positive outcome from the tripartite talks scheduled to be held next week to discuss the severance package offered by the US-based automobile manufacturer.

The development comes in the backdrop of the announcement by Ford India that it has continuously made efforts to negotiate a fair and reasonable severance package with the union.

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So far there have been 68 meetings, including discussions with senior government officials soon after the company’s business restructuring exercise was announced in September 2021.

Maintaining that the company always cared for its employees, Ford said its attempts to negotiate a fair severance package did not yield results because of the union’s ‘unreasonable’ demands.

Ford India Employees Union representatives said the company has left out the tax deduction on the severance package as the employees would be receiving a meagre amount despite serving for several years.

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