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International Paper APPM informs about company updates

12 Aug 2016 Evaluate

International Paper APPM has informed that workers employed in the manufacturing facility located in Unit: Rajahmundry resorted to illegal and unjustified strike on August 10, 2016 without any notice in violation of the provisions of Industrial Disputes Act and Certified Standing Orders. The striking workmen did not resume their duties in spite of repeated requests from the Management. Under these circumstances, the Management was constrained to shut down the manufacturing operations in Unit: Rajahmundry with effect from August 11, 2016 since there was no required man power to run the operations and to ensure the safety of the personnel and property of the Company.

The above information is a part of company’s filings submitted to BSE.

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