Tool down strike at MM's Igatpuri plant ends

Written By Unknown on Senin, 22 April 2013 | 15.45

Moneycontrol Bureau

Utility vehicle maker Mahindra & Mahindra said workers have withdrawn the tool down strike at its engine plant at Igatpuri near Nashik in Maharashtra after the company revoked suspension of two workers.

The workers at the plant had stopped work since April 9 following the suspension of two workers, one of whom was a union office bearer.

"The management has taken a sympathetic view after its suspended workers tendered a written apology that they would not breach any discipline in future and such instances will not be repeated within the plant," M&M said on revocation of the workers' suspension.

Due to the existing pipeline of stocks and higher number of engines assembled at other plants, there has been no material impact on sales, the company further said.

M&M shares were trading at Rs 889.60 on NSE, down 1.6 percent in afternoon trade.



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