Watson Pharma Pvt. Ltd. (Teva Group) and Bharatiya Kamgar Sena Conclude Historic Wage Settlement in Goa
Verna, Goa | July 3, 2025
In a landmark development for the pharmaceutical sector in Goa, Watson Pharma Pvt. Ltd., a Teva Group company based in Verna Industrial Estate, has successfully concluded a historic wage agreement with the Bharatiya Kamgar Sena (BKS), ensuring a substantial direct wage increase of ₹15,000 for its workers.
The tripartite agreement was signed today during a meeting convened at the Office of the Divisional Labour Commissioner, Margao, in the presence of Mr. Satish Waghonkar, Divisional Deputy Labour Commissioner, who facilitated the negotiation process.
Union & Management Participation
The wage agreement comes after intensive and sustained negotiations, with both the company and union recognizing the need for an equitable resolution in light of the competitive challenges of the global pharmaceutical industry.
Bharatiya Kamgar Sena was represented by:
- Dr. Raghunath Kuchik, General Secretary
- Mr. Shankar Pandit, Regional Officer, Goa
- Mr. Vinayak Patil, Mr. Vitthal Naik, Mr. Rajesh Angolkar (Unit President), Mr
Watson Pharma Management was represented by:
- Ms. Agnieszka Lubkowska, Plant Manager
- Mr. Vinod Shetty, Human Resource Development, Communications & Research Officer
- Mr. Vaibhav Korgaonkar
- Mr. Sachin Sheo, Head Total Rewards India
- Mrs. Shirley Picardo, Head of Human Resources
💬 A Win for Workers and Industrial Harmony
This agreement is being hailed as a milestone in industrial relations, reflecting the company’s acknowledgment of the employees’ contribution in maintaining the highest standards in pharmaceutical manufacturing.
The deal also includes a supplementary wage fitment proposal that had long been pending, fulfilling a key demand from the workers’ union.
“This agreement is not just about numbers; it is about respect, recognition, and shared growth,” said Mr. Shankar Pandit, Regional Officer of Bharatiya Kamgar Sena in Goa.
The wage hike is expected to boost morale, productivity, and set a benchmark for other industries operating in the state.
📞 For more information:
Pandit Shankar
Bharatiya Kamgar Sena, Goa
📱 +91 98236 61432
