The 33-day-long standoff between the management and workers of Maruti Suzuki India's Manesar plant ended at 3pm on Saturday after talks brokered by the Haryana government.
In an agreement, the workers agreed to sign the contentious good conduct bond laid down by the management.
"The dispute ended in a an agreement made in the presence of Haryana Labour and Employment Minister Shiv Charan Lal Sharma, Deputy Commissioner PC Meena, Additional Labour Commissioner Nitin Yadav, Deputy Labour Commissioner JP Mann along with other officials of the Labour department," said an official in the deputy commissioner's office who did not wish to be named.
"It was decided that workers will observe a holiday on October 1 and resume duty from October 3 after signing the bond," he added.
Under the agreement, the company agreed to conditionally take back 18 trainees who were suspended. However, it would not take back the 44 regular employees against whom disciplinary action was taken and that they would be under suspension.
"This reinforces the management's position that indiscipline is not acceptable. The agreement will create a conducive environment for the company's growth and the workers' prosperity," a company official said.
The company, the official added, suffered a production loss of about 22,000 cars, or an estimated loss of $ 135 million, over the strike period.
As per the agreement, no work no pay policy would be implemented for the stand-off period.
The bond required the workers to declare they would "not resort to go slow, intermittent stoppage of work, stay-in- strike, work-to-rule, sabotage or otherwise indulge in any activity, which would hamper normal production in the factory.