Ludhiana-based textile giant Trident Group has decided to increase the wage of its 12,000 workers by 38 to 48 per cent. Workers under institutional level (IL-1), mainly operators getting Rs 18,000 per month, witnessed an increase of Rs 7,000 and will now get Rs 25,000 per month. Similarly, IL-2 (senior, skilled and experienced) operators and supervisors who were getting around Rs. 27,000 per month will now get Rs 40,000 per month. As per the company’s recent annual report in 2018-19, its manpower strength stood at 13,816 as compared to 12,579 in 2017-18.
As per sources, these hikes will be applied from June and are expected to be retained there for always. The objective of this move is to use at least 80 per cent capacity in the near future.
The company has received a huge order of towel and bed sheet from US-based retailer Target. It aims to do at least Rs 1,000 crore business with the Target. On the other hand, majority of the staff of the Group has also deducted 20 to 50 per cent salary of its mid to top-level management for the months of May and June.
