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Bosch’s Bangalore plant workmen withdraw illegal ‘Tool Down’ strike

19 Nov 2013 Evaluate

Bosch’s Bangalore plant workmen have withdrawn the illegal ‘Tool Down’ strike with effect from November 19, 2013. The plant operations have been resumed from November 19, 2013 beginning with the first shift of production.

The workmen have earlier resorted to a ‘Tool Down’ strike with effect from second shift of November 14, 2013, without giving any prior notice to management.

Bosch is a major player in the diesel segment and 60% of its sales come from diesel segment. It is also among the larger suppliers of common rail direct injection (CRDI) systems in India. The company buys half of the components required for the CRDI systems (by value) locally.

Peers
Company Name CMP
SamvardhanaMotherson 164.40
Tube Investments 2605.00
Bosch 47800.00
UNO Minda 1240.00
Bombay Burmah Trdg. 1510.30
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