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 threatened on Friday to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts. Full Article