Friday, June 17, 2011

Trade Unions: Strike at Maruti's Manesar plant called off!

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(File photo) Security personnel stand in front of Maruti Suzuki plant in Manesar - PTI
(File photo) Security personnel stand in front of Maruti Suzuki plant in Manesar - PTI.

The 13-day strike at the country's largest carmaker Maruti Suzuki India's (MSI) Manesar plant in Gurgaon was called off late on Thursday night following a deal brokered by Haryana Chief Minister Bhupinder Singh Hooda between the workers and the management.
As part of the deal, MSI will reinstate all the sacked 11 workers and take a lenient approach on enforcing no-work-no- pay rule of eight day's salary cut for every single day of the strike.
On the other hand, the workers have conceded to the management's demand of not allowing the formation of a second union in the company.
"Agreement has been signed and workers have decided to call off the strike. They will resume work from tomorrow (Friday)", Haryana Labour Secretary Sarban Singh said.
He said the company has decided to reinstate all the 11 sacked employees and a disciplinary inquiry will be initiated against them.

The losses during the 13 days strike, if not recouped in the coming days, the same would reflect in their Financials.

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