Pricol Limited Strengthens Its Industrial Relations
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Date: 25-05-2018 4:30PM Source: Pricol Limited Category: General, Economy, Govt. & Public Policy, Automotives, Events And Conferences, Manufacturing Companies, Automobile Location: Coimbatore, Tamil Nadu, India
Business Wire India
| Mr. R. Malar Vannan – Chief People Officer of Pricol Limited receiving ‘National Award for Outstanding Industrial Relations’ by AIOE |
Pricol Limited (BSE: 540293 / NSE: PRICOLLTD), a leading manufacturer of automotive components and solutions provider for the global automotive market, has been honoured with the ‘National Award for Outstanding Industrial Relations’ for the year 2016 – 2017 by All India Organisation of Employers (AIOE). The award was handed over by Mr. Santosh Kumar Gangwar, Honourable Minister of State for Labour & Employment (IC), Government of India and Mr. Gaurav Swarup - President of AIOE, in the presence Ms. Dagmar Walter, Director, ILO DWT for South Asia and Country Office in India.
Pricol won the award for implementing innovative approaches to foster harmonious industrial relations through tripartite mechanism, reducing conflicts, zero loss of man-days, promoting employers' welfare, providing growth and development avenues, contributing to higher motivation, morale and improved productivity.
As part of the competition for the National award, Pricol Limited was chosen after a rigorous 2-tier selection process. At the regional level, Pricol was selected among 22 participating companies and at the national level, it won the award among 14 finalists.
Speaking on receiving the award Mr. R. Malar Vannan – Chief People Officer of Pricol limited, “Pricol Limited has taken a 3 –step transformational approach to evolve our HR and Industrial Relations practices to bring about positive and high-performance culture in the organisation. Several employee engagement programs, reward and performance management systems, constant dialogues and a win-win approach with our workforce, regular employee home visits and several key initiatives has helped in winning this prestigious award. Thanks to our employees and workforce for their relentless support in supporting the organisations' Human Resource and Industrial Relations approach.”
Speaking on this milestone achievement, Mr. K. Srinivas Rao, Executive Director – Pricol Limited said “We are delighted to be receiving the National Award for Outstanding Industrial Relations’ by AIOE. This award is a testament to our commitment and our constant endeavour to excel in our Manufacturing and Industrial practices. Our efforts has always been to provide unprecedented support to our customers and ensure customer satisfaction. We will continue this evolution in the best interest of our Customers, Employees, Shareholders and Suppliers.” About Pricol Limited
Pricol Limited is a leading manufacturer of automotive components and solutions provider for the global automotive market, thrives on innovation, cutting-edge technology and superior products across two, three and four wheelers, commercial vehicles, tractors and construction & industrial segments across the global market. With over 40 years of expertise in the automotive components business, the company’s performance is driven by over 30 patents, 13 manufacturing units and 5 International business offices across the globe including India, Indonesia, Brazil, USA, Germany, Singapore, Thailand, Mexico, Czech Republic and Japan. For further information on the organisation and its products, please visit http://www.pricol.com/ About All India Organisation of Employers’ (AIOE) All India Organisation of Employers’ (AIOE), is an allied body of FICCI which has been serving the cause of Indian enterprises by promoting sound industrial relations and better understanding between employers and workers on the mutuality of interest. AIOE is the oldest and apex national employers’ organisation of India. It is the platform for Indian Employers to raise their voice in formulating labour and social policies to promote business, trade and economy in the country. AIOE was setup in 1932, by eminent Indian industrialist and philanthropist of yesteryears with the objective to serve the cause of Indian enterprises by promoting sound industrial relations and better understanding between employers and workers on the mutuality of interests and provide representation to Indian employers in the tripartite setup of Government to draw labour and social policies. Late Shri. G D Birla, Shri. Kasturbhai Lalbhai, Rai Bahadur G M Modi, Sir Shri Ram were some of the eminent Indian business personalities, who have been the illustrious Presidents of the organisation.
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