JLR offers 7.5% salary hike for over 21,000 employees
“We have offered a 7.5 per cent wage hike to over 21,000 employees of JLR in two tranches. While the first hike of 4.5 per cent will be effective from November 1, the second increase of 3 per cent will be from November 1, 2013,” a spokesperson for JLR in India told PTI today.
However, he added, that the proposal has to be approved by the union members through a ballot, which will take place any day from now.Asked whether the management is hopeful of the union approval, he said, “we hope so,” adding under the British labour laws, wages have to be upped every three years and so is the balloting process.
Tata Motors bought the sick JLR from Ford Motor in the middle of the global credit crisis in March 2008 for $2.3 billion.According to British media reports, the offer is one of the best in England and is likely to go through with the unions, and comes in the wake of robust sales in recent months.
In the three months ended June, the carmaker reported a 34 per cent spike in sales, selling 83,452 units. The surge is driven by the new Range Rover Evoque, the spokesman said, adding the booming demand is driven by China, the US, Russia and England in that order.