The German automotive component manufacturer Bosch has recently reached an agreement with the workers of its Bangalore unit that were protesting against the company during past few weeks.

However, the company has reached an agreement to finalise a hike of Rs. 8,000 in place of the demanded Rs. 15,000 by the workers. But the auto component major has also agreed on the fact that the company will be paying its workers the revised salary with effect from January 2009.

In a joint statement, Bosch India vice-president Soumithra Bhattacharya and Mico Karmika Sangha (Mico trade union) president N. M. Adyanthaya, both the parties revealed the fact that the company has reached a solution for the problems. Notably, there are around 3,500 workers that will be benefited from the announced hike in wages by the company.

With the deal struck at its Audugudi plant, the company expects to reach 100% production to be reached soon but there problems with its Naganathapura plant is perhaps still a little far from the dead end.

The company is a major supplier to companies like Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Ashok Leyland, Kirloskar, Hyundai and TVS Motors