MoneyWorks4Me

MRF declares lock-out at Kottayam unit

23 Jun 2011 Evaluate

Following a stand-off between the management and workers at Kottayam in Kerala, the Rs 2,383-crore MRF Ltd declared a lock-out at the production unit, citing labour unrest. The factory, which has a production capacity of 175 tonnes per day, provides employment to 2,300 workers in three shifts. The company was manufacturing 2,600 tyres a day at the plant. Estimated daily loss on account of the strike is Rs 3 crore.crackcrack

Peers
Company Name CMP
MRF 124570.90
Apollo Tyres 405.95
JK Tyres & Inds. 355.25
Ceat 3433.10
Balkrishna Inds. 2198.45
View more..