The Hindu Business Line : Govt to consider Dunlop plan to use building sale proceeds

THE Union Labour Minister, Mr C.S. Chandrashekhar Rao, has agreed to consider Dunlop India management's proposal to use Rs 10.7 crore which the company accrued by sale of its head office building in the city.

The money will be spent to pay out at least 10 per cent of the wage arrears and other statutory dues of the workers of Dunlop's Sahaganj factory and its head office employees.

On Tuesday, Mr Rao met the West Bengal Labour Minister, Md. Amin, and the representatives of trade unions and management and discussed ways to revive the ailing tyre company.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Syngene plans to set up another research centre

Mahindra launches CRDe-fitted Scorpio

Escorts starts production of engines for diesel gensets

Mallya to make open offer for 25 pc of SWC at Rs 250/share

Mitsubishi Heavy to acquire SRP Tools

GSK Biologicals to set up vaccines facility in Nashik

Visaka to set up fibre cement sheet plant in UP

Auditors of vanishing cos come under MCA lens

GAIL forms jt venture with China Gas

Torrent, AstraZeneca in research tie-up

Avestha ties up with US co Sequenom

Geodesic bonus issue

Govt to consider Dunlop plan to use building sale proceeds

ONGC to pump in Rs 2,800 cr in Bassein field

Hikal set to unveil two blockbuster drugs in US

ITC Paperboards eyes growth through backward linkages