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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 118250.25
Apollo Tyres 396.05
JK Tyres & Inds. 325.05
Ceat 3305.50
Balkrishna Inds. 2153.95
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