Finnish handset major Nokia India has signed an agreement on wage revision with the employees of its manufacturing facility in Sriperumbudur near here.

The tripartite agreement was signed between Nokia India Employees Progressive Union and the management in the presence of Tamil Nadu Labour Minister T. M. Anbarasan and Labour officials on Monday, an official release said on Tuesday.

The pact comes days after a section of employees belonging to the Nokia India Employees Progressive Union, owing allegiance to the Labour Progressive Front, trade union wing of DMK, went on a sit-in strike on July 13, demanding wage revision and revocation of suspension of around 50 workers.

The management and the union preferred to settle the issue amicably during a discussion held in the presence of Mr. Anbarasan following which the agreement on the wage increment for a three-year period was signed, it said.

Sources said as per the agreement, around 3,500 employees at the Nokia plant would stand to benefit.

Meanwhile, a company statement said “the long term wage agreement with workers had been resolved. Work will resume with immediate effect”, it added.

“The management, as a gesture of goodwill, have offered to revoke the suspension of the employees,” it said.

The employees were suspended in January this year for alleged misconduct.