MoneyWorks4Me

Bosch Shuts Bangalore Plant on Workers’ Strike

03 Oct 2011 Evaluate
Auto components major Bosch has shut the Bangalore plant, following a tool down strike by workers from September 28, without giving any prior notice to the management. Efforts are at hand to resolve the matter and restore normalcy at the earliest possible date. The workers are against the management’s decision to outsource certain non-core manufacturing and support processes for cost rationalisation and competitive product pricing.
Peers
Company Name CMP
SamvardhanaMotherson 152.90
Tube Investments 2220.00
Bosch 43490.00
UNO Minda 1110.00
Bombay Burmah Trdg. 1221.10
View more..