Chennai: India Yamaha Motor (IYM) Pvt Ltd announced the completion of its long term wage settlement for its Chennai factory with the company’s internal employees union “India Yamaha Motor Thozhilalar Sangam”.

After the massive labour unrest in the Oragadam Industrial area last year, the IYM management took several steps to establish better communication with the employees and ensured regular communication is made with them to understand their concerns, said a press release.

The employees also came forward and utilised this opportunity to put forth their demands and participated in the discussions in a planned way without affecting the company’s production targets. The three-year wage settlement will remain effective until 31 March 2022. The settlement will be applicable to all the permanent confirmed workers in Yamaha’s Chennai factory.