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Thursday, June 16, 2011

Maruti settles 13-day strike at Manesar plant; stock rises

Maruti settles 13-day strike at Manesar plant; stock rises

New Delhi: Maruti Suzuki's Manesar plant strike Thursday night his 13 - day-old settled. The plant will start production on Saturday. According to the agreement, Maruti has agreed to restore the 11 dismissed employees. Some striking workers not to strike for the entire period and the day will lose the pay. Car manufacturers have not taken a decision to recognize the new union. Car company in the production loss is estimated to be over yet. 600 million with less than 13,200 units produced.

At 9:25, Maruti Suzuki India's shares were trading up 2.45% to Rs 1218.60 on the Bombay Stock Exchange. Rs 1233.35 crore for the high and low of 1215.30 in trade so far touced.

"The plant does not allow trade union activities will be a reference for management decisions," Dasgupta said before, the All India Trade Union Congress general secretary and CPI leader Gurudas Dasgupta said. AITUC Gurgaon president Suresh Gaur other employee unions in the industrial sector will continue their protest. They work on Friday empty stomach and a two-hour strike on June 20 will down tools. Maruti Suzuki Employees Union - the country's largest carmaker, on June 4 about 2000 workers on strike seeking recognition of a new union. Haryana state government also helped to resolve the issue. The strike halted production of high-selling models Maruti - Swift, DZire, SX4 and a star - and wait for her extended beyond six months.

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