Maruti Suzuki, India’s largest car making company has declared a ‘Lock Out’ for an indefinite period of time at their Manesar plant which suffered a backlash from workers. The decision was taken on Saturday by the company’s management which includes MD and CEO Mr. Shinzo Nakanishi and Chairman Mr. R. C. Bhargava.
By doing this, the company will suffer a daily loss of around 75 Crores INR per day! But the reason of taking such a huge loss, as per the Chairman is, “We cannot risk the lives and safety of our employees, We are more concerned about them than to make cars and make money.”
The company will inform the Haryana Government and the Labour Deptt. of the same. Maruti Suzuki will also ask the Chief Minister of the state to conduct a comprehensive inquiry of the incident and will wait till the report comes.
The existing employees will get their payment under the provisions of Industrial Disputes Act 1947.
So, the works at Maruti Suzuki’s most advanced plant won’t resume until and unless the government and the investigating agencies conducting research won’t come up with a report.
This also means that waiting period of its cars is expected to go up since there would not be any production and the most affected would be the cars that are produced there.
News Source: The Economic Times