28th February 2025 was a joyful day for Transformer workmen as well as Siemens management as Siemens Workers’ Union signed 3rd Wage Settlement for Transformer works.
The previous Settlement ended on 13 June 2024. SWU raised the charts of demand on 17 April 2024 the negotiation meeting started soon. This Wage negotiation was settled in very short period as the demands of management were pertaining to some key points which were addressed by the Union effectively.
Mr. Praveen Deshmukh, Vice President-P&O, congratulated both Union and Management negotiation committee members on concluding the meeting fast and in short period . After the merger transformer will be part of Siemens energy business. It was a challenge to conclude and address demands of both parties before the demerger process.
Mr. Ganesh Nadgowda, Works Manager, briefed about future business opportunities, factory expansion and new recruitment in Transformer unit.
Mr Anand Jaluka, CFO spoke about market competitions, raw material availability, challenges and congratulate both parties.
Mr. Girish Ashtekar, General Secretary-SWU congratulated the management team about new recruitment and factory expansion plan. He said the recruitment indicates the future plans of business. We have to be responsive, learn, upskill and work harder for our growth as well as business growth.
Mr. Manoj Bodke, President-SWU appreciate Transformer management for showing their trust on union representative during negotiation meeting, sharing the challenges they have for future business openly and concluding. He assured management that every workman will work hard to achieve business goal.
The workmen celebrated by firing crackers and a small felicitation ceremony near union board at the Gate of the factory.
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