Strike at Maruti Suzuki enters third day, Demand for new Union

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Strike at Maruti Suzuki enters third day
Maruti Suzuki India: Quotes, News
BSE 7701.60BSE Quote84.35 (1.10%)
NSE 7701.15NSE Quote92.7 (1.20%)
One of the largest car manufacturers in India, Maruti Suzuki India, has suffered production loss  estimated to be approximately, Rs 90-100 crore. This production loss has been on account of a strike by nearly 2,000 workers at the Manesar plant. The management sacked 11 employees over disciplinary grounds on Monday.

The strike at the Haryana plant started on Saturday, this was to force the company to recognize a new union.

According to reports there has been a loss of nearly 1,800 vehicles since Saturday. Production loss for half a day on Saturday resulted in a loss of 600 units. Since Sunday was a weekly holiday, there was no loss. And on Monday there was a loss of additional 1,200 cars.

The Maesar plant manufactures models like SX4, Dezire sedans, Swift and A-Star hatchbacks. The production at its Gurgaon plant, also in Haryana, has continued at a normal pace.

Though the company officials were engaged in negotiations with the strikers, no breakthrough has been made so far. The company maintains that the strike is illegal.

The striking workers from the Maruti Manesar plant are demanding recognition for their so-called 'Maruti Suzuki Employees Union'. As of now there is only one workers' union at the company, Maruti Udyog Kamgar Union, which is legally recognized by the company's management.

Maruti has earlier faced a strike during November 2000 to January 2001 period.

At 11.40 a.m., the stock of Maruti Suzuki was trading at Rs 1,222.90, 0.73% down from its previous close.

OneIndia Money

Read more about: maruti suzuki, automobile, bse, nse, strike
Story first published: Tuesday, June 7, 2011, 11:53 [IST]
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