Hercules Hoists has successfully concluded a settlement agreement with Jai Bharatiya General Kamgar Sanghatana, Panvel, representing the workers at the company’s Khalapur unit. The settlement shall be valid for four years commencing from January 01, 2018 up to December 31, 2021.
Hercules Hoists is a manufacturer of material-handling equipment. The company sells their products under the brand name Indef.