
India's leading carmaker Maruti Suzuki ended a bitter month-long labour dispute with workers on Saturday that cost the company millions of dollars in lost output. The Japanese-controlled company and the workers at a Maruti plant in northern India had been at loggerheads since late August when the company locked out employees, accusing them of sabotaging cars on the production line. "We are happy, everyone is happy that the strike is now over," Maruti chairman R.C. Bhargava told AFP. "We have reached a settlement and (full) production will resume on Monday," Bhargava said after the two sides clinched an agreement following several hours of gruelling negotiations. Maruti sells nearly half of all new cars in India. Bhargava declined to put a figure on production losses due to the strike. But a company executive told AFP it had lost production worth around $120 million as a result of the dispute. This came after nearly two weeks' worth of production was lost in a labour row in June, costing Maruti close to $93 million. The South Asian nation is critical to Suzuki's fortunes as it is the Japanese company's biggest overseas market. The dispute erupted as Maruti has been battling to boost its market share, which has shrunk to 45 percent from 55 percent in the past four years with global auto giants aggressively seeking to penetrate India's fast-growing vehicle market. The company produces the Swift and A-Star hatchbacks, and the SX4 sedan at the Manesar factory, which employs 2,000 workers. The company continued to make some cars at the Manesar plant in Haryana state with the help of a few employees who had returned to work, supervisors, engineers and other trained people brought in by the company. The company had asked all workers to sign what it called a "good conduct" bond, promising they would not sabotage production, before going back to work. "Everybody will sign a good conduct undertaking and 18 apprentices who were dismissed will be taken back," the company chairman said.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor