Japanese based car maker Toyota announced that it is suspending production in two Indian car assembly units after hearing the threats against management. They were working with union officials and local government to get the new contract signed to overcome the negotiation made by employees. During this activity is progress, some section employees deliberately stopped the production and they threatened supervisors which resulted in no production for the past 25 days. So it decided to stop the production at its 2 production units in south India.
The world's leading automaker Toyota said the move will affect around 6,400 employees at the assembly units in south India.
In the lock out notice all these unlawful activities were mentioned and the company is left out with no other option apart from declaring a lock-out of the premises to make sure the safety of its employees and management personnel.
A Tokyo-based company spokesman said Toyota hoped to restart production ASAP. But he could not give a exact time for re-opening of the production units, which makes models including Camry, Corolla and Prius hybrid. These two factories located near Bangalore produces around 310,000 units annually.
Toyota shuts 2 Production units in South india
Posted by Unknown at 12:10 AM
Labels: japan car, toyota bangalore unit, toyota current situation, toyota indian plants, toyota production, Toyota shutdown, toyota union problem
Subscribe to:
Post Comments (Atom)
5 comments:
Today,
India’s benchmark BSE gained so far as 2.74 %., it’s high record. With this hope that the opposition BJP(Bharatiya Janata Party) would win a best part in the election next week result, sending blue chips such as ICICI Bank sharply higher.
It’s previous record high of 22,939.31, it was hit on 25th April and now the index gained so far as 2.74 % to 22,955.99.
The NSE (National Stock Exchange) banking sub indexing increasing as much as 4.4 % with record high, with banking stocks were the leading gainers. ICICI was trading up 5.71% at Rs. 1363 & Hindalco rose 5.64% to Rs. 144.15.
Dr. Reddy among the losers, fell 0.86% to Rs. 22715.10.
Each of them has a recurring quarterly claim on a nominal quantity of income as well has the right to a final return of principal upon maturity.
In all share market conditions there is always some way for turning losses into profit but stock market traders tend to ignore what is called smart trading techniques. Active stock trader faces losses very less so be a active trader and start enjoying daily profit from share trading.
Saving and Investing your assets properly is a great method to earn more money but it could be a very challenging task.
Your blog provide useful information which elp everyone with some good data while trading.
commodity trading tips
Post a Comment