MoneyWorks4Me

Hercules Hoists inks memorandum of settlement with workers union

25 Oct 2014 Evaluate

Hercules Hoists has successfully concluded a settlement agreement with Navi Mumbai General Kamgar Sanghatana, Panvel, representing the workers at the company’s Khalapur unit. The settlement shall be for four years commencing from January 01, 2014 up to December 31, 2017.

Hercules Hoists is a manufacturer of material-handling equipment. It has a diverse product range that encompasses chain pulley blocks, electric hoists, cranes, etc. that fulfills the storage, retrieval and material handling needs of companies around the world.

Peers
Company Name CMP
Bharat Heavy Elect. 419.20
Thermax 3449.00
Kirloskar Industries 3588.85
Skipper 551.30
INDO-MIM 1275.35
View more..