Kirloskar Oil Engines Limited concluded its 10th consecutive on-time wage agreement with its union/team members before the expiry of the previous one. The agreement is signed every 3 years between Kirloskar Oil Engines management and its team members represented by its President, Chandrakant Gore, and Vice President Sanjeev Gaikwad. Present on the occasion were Atul Kirloskar, Executive Chairman, Kirloskar Oil Engines along with other senior members.
Kirloskar Oil Engines had earlier entered the “Limca Book of Records” in 2016 when it had signed the 6th consecutive wage agreement, making it the first manufacturing company to do so.
The current 10th agreement further testifies to the harmonious human & industrial relationship the company has with its union and team members. Kirloskar Oil Engines has been signing this wage agreement a day before the previous agreement ends since 1995. The company also holds the distinction of having never lost a single “man day” over the past 64 years on account of any labour unrest. The company’s management and its union ‘Rashtriya Engineering Shramik Sangh’ have been equal partners in this achievement.
Focused leadership, committed and dedicated employees, along with the company’s values of excellence, integrity, collaboration, empathy, value creation and innovative thinking makes Kirloskar Oil Engines Limited one of the leading Indian companies to compete in India as well as in the overseas markets.