Will not give in to demand for second union: Maruti

Our Bureau Updated - March 12, 2018 at 11:56 AM.

Though discussions are going on with the striking workers, there is no change in the situation as of today. The company will not give in to the workers’ demands for a second union.

Strike at auto major Maruti Suzuki's Manesar plant continued into the fifth day. The total production loss was estimated at 4,200 units and revenue loss at Rs 140 crore.

The car-maker is said to be losing production of 1,200 units every day, sources said.

However, the management was firm on the workers' demands.

“Though discussions are going on with the striking workers, there is no change in the situation as of today. The company will not give in to the workers' demands for a second union,” a Maruti official told Business Line.

Worker, too, are refusing to relent. “Maruti Udyog Kamgar Union at the Gurgaon facility is a management-owned union and therefore doesn't identify with our cause,” a striking worker at the Manesar plant said.

The workers are demanding recognition of a new union at the Manesar plant — Maruti Suzuki Employees Union (MSEU).

Refraining from any proceedings against the 11 office-bearers of the new union who were sacked is another demand.

Haryana Govt monitoring situation

Meanwhile, Haryana Industries Minister, Mr Randeep Singh Surjewala, is reported to have said in Chandigarh that the Government was closely monitoring the situation and would not let it become an industrial dispute. He said that the strike was unwarranted, even though the law gave the workers right to form one more union.

The company's shares on Wednesday closed at Rs 1,226.05 apiece, down by 0.61 per cent over the period of last five days on the Bombay Stock Exchange. In the same period, the Sensex rose by .01 per cent.

“These routine industrial activities do not really affect the stock prices since these incidents are common not only in India but globally. It should not be a cause of concern for Maruti, provided the issue is resolved quickly,” said Mr Abdul Majeed, an auto-practice leader at PWC.

Published on June 8, 2011 04:53