Bosch lifts Lock out at Naganathapura Plant in Bangalore

Bosch Ltd has now announced with reference to Lock out by the Company at its Naganathapura Plant, that the workmen at the Naganathapura Plant, who had resorted to illegal Tool Down Strike, have resumed to work from 6 a.m. on March 13, 2010, consequent to the conciliation meeting held between the management and workmen union before the Additional Labour Commissioner, Bangalore, wherein it was decided to restore the normalcy in giving production and productivity by the workmen without giving any scope for untoward incident in the factory premises pending discussions on the issues of charter of demands for an amicable settlement.

Accordingly, the lock out declared by the Company effective 10.30 p.m. on March 08, 2010 has been lifted effective 6 a.m. on March 13, 2010.

The stock was trading at Rs.4699.50, up by Rs.47.45 or 1.02%. The stock hit an intraday high of Rs.4799.95 and low of Rs.4680.

The total traded quantity was 1541 compared to 2 week average of 2686.

Source : Equity Bulls

Keywords