Maruti Suzuki hit by worries about protests
Reuters Market Eye - Shares in Maruti Suzuki India (MRTI.NS) fall 1.6 percent after The Economic Times reports workers are planning a hunger strike and other peaceful protests to force the management to take back the 548 employees sacked after the deadly violence in July that hit production.
Maruti Suzuki hit by protest fears at Manesar plant
The workers are being organised by former union Maruti Suzuki Workers Union, Economic Times reports, citing a union official.
MSWU is no longer operational after instigating the July violence, according to the report.
A Maruti official confirms to Reuters that former workers were protesting, which would have no impact on production.
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- CBI drops coal scam case against Kumar Mangalam Birla
- India's growth speeds up in after-glow of Modi's triumph
- Saudi king warns of terrorism threat to U.S., Europe
- Exclusive: Reliance plans $13 billion projects including new refinery
The Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks. Full Article
Exclusive: Reliance plans $13 billion projects including new refinery. Full Article
In race for bigger margins, drug makers willing to lose the India "advantage". Full Article