BUSINESS

Strike on, Maruti Manesar unit closed for 5th day

Source:PTI
June 08, 2011 10:14 IST

Maruti Suzuki India on Wednesday said production at its Manesar facility continues to be completely stopped as the workers' strike at the plant entered its fifth day.

"Strike is continuing. . . The production is fully stopped," a company spokesperson told PTI.

About 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 3,000 units till Tuesday and the value of the loss is estimated to be about Rs 150 crore (Rs 1.5 billion).

The

company on Tuesday said its sales will be affected if the strike at the Manesar plant prolongs.

The Manesar plant rolls out about 1,200 units every day in two shifts.

The factory produces hatchbacks Swift and A-Star and sedans DZiRE and SX4.

The company's shares were trading at Rs 1,229.95 apiece in the morning on the Bombay Stock Exchange, down 0.87 per cent.

Source: PTI
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