BW Communities

Maruti Strike Enters 10th Day; Manesar Shut Down

BW Online Bureau Nov 08, 2014

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[The country's largest car-maker Maruti Suzuki India's Manesar facility continues to be completely shut down, with a workers' strike at the plant entering its 10th day today. "The talks are going on, but the strike is still continuing. The production at the plant is stopped," a company spokesperson. In the morning, shares of the company were trading 1.19 percent down at Rs 1,215.15 apiece on the Bombay Stock Exchange. Around 2,000 workers at the plant have been on strike since June 4, resulting in a loss of about Rs 390 crore for the company on account of a 7,800-unit hit in output till Saturday. The factory had its weekly-off on Sunday. The striking workers are demanding the recognition of a new union -- Maruti Suzuki Employees Union -- formed by those working at the Manesar plant, among other things. (PTI)