Ford sets June 14 deadline for Chennai employees to resume production
The Hindu
Employees at the Chennai plant of Ford India have been on strike from May 30 demanding better severance package.
:
Ford India has informed its employees at the Chennai plant that in case employees do not resume production from June 14, there is a high likelihood that the company will be required to call off production of remaining export volumes and bring vehicle production to a close.
It is learnt that the company has very limited export production left to complete. According to sources this has been put up on the company’s notice boards in Chennai and copy has been sent to the unions and the labour department. Employees at the Chennai plant have been on strike from May 30 demanding better severance package.
The company in its notice has said: “In light of the present circumstances, the company would like the permanent employees, who are willing to support production, know that the company is inviting you to opt for its best offer on severance package which is approximately equal to 115 days of gross wages for each completed years of service (on an average). As you may note, this package is significantly higher than the statutory severance package (i.e. 15 days of wages for each completed years of service).”
It is learnt that the details of the package are - an ex-gratia amount equivalent to 87 days of last drawn gross wages as on May 2022 and a fixed amount Rs. 50,000, both being for every completed year of service at actuals. Benefits equivalent to a lumpsum amount of Rs. 2,40,000 and current medical insurance coverage will continue until March 2024 as per the current policy terms and conditions. The package is in addition to the statutory benefits of gratuity and leave encashment as per applicable terms and conditions. The years of service will be calculated from the date the employee joined the company as a trainee (not apprentice).
Ford has clearly indicated that the package announced would only be available for permanent employees who resume production from June 14, 2022 and support the company in completing the production schedule. Employees who wish to opt for the above severance package are required to submit their request for severance package by logging in to an online portal (link has been shared to employees on the notice board), and filling the form provided in the portal, by or before 5 PM on June 13, 2022. If employees do not opt for the severance package, company will be forced to take legal steps/proceedings.
“For employees who continue to engage in an illegal strike, or undertake unauthorized/ unlawful activities on company premises, company shall take appropriate actions, including imposing loss of pay as per the Certified Standing Orders and applicable legal provisions,” the company said in its communication to the employees.
India seeks alternative sources for specialty fertilizers from Belgium, Egypt, and others due to China's export restrictions.
India and Russia commit to enhancing trade in national currencies, aiming for $100 billion bilateral trade by 2030.
Stock markets soar as RBI cuts interest rates, with Sensex rising 447 points amidst positive investor sentiment and revised growth forecasts.
AAP's Raghav Chadha calls for banning 10-minute delivery services, highlighting the harsh conditions faced by gig workers.
IndiGo flight cancellations: Follow LIVE updates from The Hindu as IndiGo's operations face issues with over 400 flights cancelled today.
DGCA grants IndiGo exemption from night-duty limits for pilots amid widespread flight cancellations and operational disruptions.
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.