The strike was supported by the company's various trade unions. The striking workers held a series of protest demonstration on the six days of no work causing unsavoury situation for the company.
A magisterial inquiry into the suspension of the work has been ordered under a settlement. Besides, the management has also agreed to give all workers an 8.3% bonus and advance for the festival season.
ITC is expanding its manufacturing facility in Haridwar with an investment of Rs 300-400-crore. It would also be expanding its consumer and food item business.
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"As a competitor of those you mentioned, their (and other South West finishers) pre packing exploits used to drive us mad. Actually the base customers were part of the issue (printers) constantly..."
"Hi Keith, perhaps there was a misguided belief that when a company goes bust that spreading out the pain ( debt ) was a reasonable response, after all so many businesses must be making loads of profit..."
"Hit the nail on the head there Dave, it becomes smoke and mirrors as we here about the jobs being saved at say Celloglas or Folio or RNB etc but we rarely get to hear about the negative effect further..."
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