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Maruti Shares Fall On Union Trouble At Gurgaon Plant
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Shares in Maruti dropped despite markets gaining ground on reports of Union trouble brewing at the company's Gurgaon plant.
The Times of India reported that Kuldeep Janghu, general secretary of the powerful Maruti Udyog Kamgar Union (MUKU) was suspended after a scuffle he had with a manager who was supervising workers.
The shares of Maruti were last trading lower by 1 per cent at Rs 3970 on the National Stock Exchange. The company has had a history of problems at some of its plants in the past.
A few years back Maruti had labour problems at its Manesaar plant and had even threatened shutting down the plant.
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