Bajaj Auto on Tuesday informed the exchanges that workers union (Vishwa Kalyan Kamgar Sanghatana) has commenced an indefinite hunger strike from January 29 at Akurdi and Chakan. The main reasons for the strike, as mentioned in the letter (dated January 16), are the pending issue of eight workmen dismissed from service for various acts of misconduct in 2013-4 and dismissal of six workmen who did not report at the place of transfer/deputation in spite of court orders, and delay in conclusion of the wage review process which is due with effect from April 1, 2016. The matter is pending before the Industrial Court, Pune, and High Court of Bombay. Shares of Bajaj Auto, after registering its all-time high on the NSE at ₹3,404.95, closed at ₹3,358.30, a tad lower than the previous day’s close of ₹3,363.90.

comment COMMENT NOW