The 14-day long strike at the Maruti Suzuki
India's Manesar plant was called off on Friday morning following a joint
agreement between the management, workers and the Haryana Government. As part
of the agreement, the management has agreed to take back 64 permanent workers
but another 30 will remain suspended. It has also been agreed that around 1,200
casual workers would also be reinstated, sources privy to the talks said.
Following the development, shares of Maruti Suzuki India (MSI) jumped by
3.88 per cent to Rs 1,117.55 on the BSE and were the best performer among the
Sensex blue-chips. But with this stir, the company had reported a production loss
of 12,600 cars costing them nearly Rs. 630 crores.
Workers at the plant were on strike since October 7 demanding reinstatement of about 1,200 casual workers and 44 permanent workers who were suspended following an agreement signed on October 1 to end a 33-day-long standoff, along with 50 workers who were dismissed or suspended during the current stir.
As per the agreement, workers will face no work, no pay for the duration of the strike. Also, it the agreement provides for the setting up of a 'Labour Welfare Committee' to promote measures for good relations between the management and workers. The committee will comprise members from the management as well as workers. It is understood that the company has also agreed to arrange for transport services for workers in line with shift timings.
A 'Grievance Redressal Committee' will be set up and it will have representation from the management and workers.
MSI board will be meeting on October 29 to consider among other things, a proposal for setting up of a new plant in Gujarat.
Workers at the plant were on strike since October 7 demanding reinstatement of about 1,200 casual workers and 44 permanent workers who were suspended following an agreement signed on October 1 to end a 33-day-long standoff, along with 50 workers who were dismissed or suspended during the current stir.
As per the agreement, workers will face no work, no pay for the duration of the strike. Also, it the agreement provides for the setting up of a 'Labour Welfare Committee' to promote measures for good relations between the management and workers. The committee will comprise members from the management as well as workers. It is understood that the company has also agreed to arrange for transport services for workers in line with shift timings.
A 'Grievance Redressal Committee' will be set up and it will have representation from the management and workers.
MSI board will be meeting on October 29 to consider among other things, a proposal for setting up of a new plant in Gujarat.
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