Bosch Strike: Union Talks With Management on Thursday
Bangalore: The first round of talks with the management would be held on Thursday to resolve issues at German auto component major Bosch's Adugodi plant, where strike by workers entered the second day on Wednesday, a union official said.
"We will be holding bilateral talks with the management as per the direction of Additional Labour Commissioner Narasimhamurthy to solve issues pending for the past 22 months," Mico Employees Association president S Prasanna Kumar told PTI in Bangalore.
A the bilateral meeting - a tripartite meeting involving the union, the company management and the Additional Labour Commissioner - will be held on September 20, he said.
The workers had gone on an indefinite strike on Tuesday claiming that the management planned to cut down some medical benefits and demanded productivity "which cannot logically happen to the level of their expectation".
In a filing to the BSE on Tuesday, the company on described the demands of the workers as "unreasonable" and the strike as illegal.
The company has 2,575 permanent workers, 700 temporary workers and 1,000 contract workers, Mr Kumar said.
The management has also started issuing transfer orders to employees to shift to Bidadi plant near Bangalore without even discussing facilities like transport, he said.
The company's Bangalore plant has a history of workers' unrest, and the plant was shut down temporarily following a strike in September 2011.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.