Earlier on April 14, the union had issued a notice to Baja Auto's management, threatening an indefinite strike at the Chakan plant in Pune from April 27, if its demands were not met.
Bajaj Auto employees' union has postponed its proposed strike from tomorrow after considering suggestions of Shramik Ekta Mahasangh, the umbrella organisation of trade unions in the region. It, however, added that if Mahasangh's intervention also fails it will will have no option but go ahead with plans of agitation.
The union's list of demands include allocation of allotment of shares at a discounted price, corporate social responsibility (CSR) funds for education of employees' children, setting up a museum in the name of the company's founder Jamnalal Bajaj within a year. Earlier on April 14, the union had issued a notice to the Baja Auto's management, threatening an indefinite strike at the Chakan plant in Pune from April 27, if its demands were not met.
Also Read: Strength seen in 2-wheeler sales to continue, says SIAM
Later, the Bajaj Auto employees' union, Vishwa Kalyan Kamgar Sanghatna (VKSS) had deferred the proposed agitation to May 15 after deciding to grant two weeks time to the company management to look into its demands. "We had a meeting with the Shramik Ekta Mahasangh, the umbrella organisation of trade unions in the region, on April 14 and April 28, which had said that it would look into the matter. Considering their suggestions, we decided to postpone our stoppage of work plan. "However, if the matter does not get resolved even after the Mahasangh's intervention, the union will not have any other option, but continue with its decision (stoppage of work)," VKKS said in a letter to the management today.
Stating that it would announce a fresh date of agitation at a later stage, the union expressed hope that an amicable solution would be found with the help of the Mahasangh's intervention. The Chakan plant employs more than 2,000 workers, including around 900 permanent ones, and produces 1.2 million bikes including the Pulsar, Avenger, Ninja and KTM brands per year.
However, the Bajaj auto management had termed the union's demands as "insane" and said it would ensure that production at the Chakan plant is not hit, if the union made any attempt to disrupt the same.
Bajaj Auto stock price
On May 14, 2014, Bajaj Auto closed at Rs 2040.55, up Rs 61.35, or 3.10 percent. The 52-week high of the share was Rs 2193.85 and the 52-week low was Rs 1683.35.
The company's trailing 12-month (TTM) EPS was at Rs 112.15 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 18.19. The latest book value of the company is Rs 273.08 per share. At current value, the price-to-book value of the company is 7.47.
Anda sedang membaca artikel tentang
Bajaj Auto union postpones strike plans
Dengan url
https://citraasa.blogspot.com/2014/05/bajaj-auto-union-postpones-strike-plans.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bajaj Auto union postpones strike plans
namun jangan lupa untuk meletakkan link
Bajaj Auto union postpones strike plans
sebagai sumbernya
0 komentar:
Posting Komentar