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.
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India's biggest carmaker reported a 35.5 percent fall in fourth-quarter profit, missing estimates, as potential car buyers postponed their purchases and waited for a slowing economy to pick up. Full Article