Wednesday, April 14, 2021
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Latest News

Maruti Will Not Accept Demands of Striking Workers

by indiandrives
in Latest News
0 0
1

The strike at Maruti’s Manesar plant reached its fifth day, as the company announced that they would not be accepting their striking workers demands.

The chairman of the company, R.C. Bhargava, said that in today’s time, when their union hasn’t even been registered, how can you take their demands into consideration. He added that the workers did not have any demand which they could accept.

Meanwhile, the strike has now reached its fifth day, without any production taking place at the plant. A spokesperson for the company said that the strike is still taking place, and the production has been fully halted. About 2,000 employees at the plant have undertaken this strike from Saturday, which has resulted in a production loss of around 3,000 models as of Wednesday.

The value of the production loss is estimated at Rs.150 crore. The workers on strike are demanding that their new union, the Maruti Suzuki Employees Union, be recognized. The new union was formed by those who work at Maruti’s Manesar plant itself. Other demands include keeping the contract labourers for Maruti’s upcoming two units to be located in the complex as well as refraining from taking any disciplinary act against their union’s eleven office bearers, who were fired following the strikes.

The industries minister of Haryana, Randeep Singh Surjewala, meanwhile said that their government is monitoring the circumstances closely, and they will not let it turn into an industrial dispute. He also said that the worker’s strike was unnecessary, even though according to the law, they have a right to form a second union.

The shares of Maruti Suzuki closed on Wednesday at INR 1,226.05 per share, a drop of 0.61% in comparison to the last week on the BSE. The Sensex in the corresponding period increased by 0.01%.

A PWC auto-practise leader, Abdul Majeed, said that these routine activities in the industry do not affect stock prices much; as such incidents take place globally as well. This should not be a concern for the company, provided that they resolve the issue quickly.

Tags: Maruti Striking Workers demandsMaruti Suzuki
Previous Post

Renault Fluence ZE in India preview

Next Post

Growth of Car Sales Slow Down to 7%

Next Post

Growth of Car Sales Slow Down to 7%

Comments 1

  1. RAJESH GUPTA says:
    10 years ago

    As per article published in Economic times today actually workers are being paid only 60 % of the wages paid by company and rest go somewhere else. In this kind of situation when certain vested interest(s ) pocket around 40 % of the wages bill, the question of acceptance of demand is very remote.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • Triumph Trident 660 Launched In India: Priced At Rs 6.95 Lakh
  • Citroen C5 Aircross SUV Launched In India: Prices Start At Rs 29.90 Lakh
  • Latest News From Indian Automobile Industry – Yamaha YZF-R15, Aprilia SXR 125, Triumph Bonneville
  • Top 10 Best Selling Cars In The Month Of March 2021 In India
  • 2021 Triumph Bonneville Range Launched In India; Prices Start At Rs 7.95 Lakh

Categories

Indiandrives.com

© 2020 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • KTM
  • Volkswagen
  • Isuzu
  • Volvo
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2020 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In