MoneyWorks4Me

Automotive Stampings and Assemblies resumes work at Chakan Plant

10 Dec 2012 Evaluate

Automotive Stampings and Assemblies’ Worker Union at Chakan Plant has called off the strike and the permanent workers at the plant have resumed the work. Further negotiations between the management and the workers are ongoing.

Earlier, the company had received a letter proposing stoppage of work with effect from October 12, 2012 from Workers' Union at Bhosari Plant. Besides, the company has also received a notice of indefinite strike with effect from October 12, 2012 from Workers' Union at Chakan Plant.

Automotive Stampings and Assemblies is into the production of a wide range of sheet metal components for the automotive industry. Its product mix can be broadly classified into three categories: (i) Structural Panels and Skin Panels for the vehicle body (BIW) (ii) Modules and Aggregates including Chassis sub-assemblies (Under body) (iii) Oil Sumps and Fuel tanks. Its products mainly cater to passenger and commercial vehicles.

Peers
Company Name CMP
SamvardhanaMotherson 161.60
Tube Investments 2567.30
Bosch 47748.20
UNO Minda 1190.50
Bombay Burmah Trdg. 1428.00
View more..