Financial Daily from THE HINDU group of publications
Tuesday, Mar 28, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Sick Units
Industry & Economy - Tyres


Dunlop pact formalised

Our Bureau

Chennai , March 27

The Dunlop India Ltd will commence production at its factory in Ambattur here on or before August 31, according to a formal agreement signed between the Dunlop Factory Employees Union and the management representatives, according to the Union's President, Mr A. Krishnaswamy.

It may be recalled that they had entered into an agreement 10 days ago that provided for taking up maintenance work from April 10 with production to begin four months later. The three-year agreement provides for a wage cut of 20 per cent, a retirement scheme for 300 workers to reduce the workforce to about 800, an incentive scheme and lay off compensation.

The agreement was finalised today in the presence of the Tamil Nadu Government's Labour Department officials with a specific date agreed upon for starting production.

The details of production and productivity will be finalised after the factory commences operation and runs for a few months. That would help to come to a better understanding of the capabilities at the facility, which has been out of operation for several years, he said. According to management representatives they are targeting an output of about 130-140 tonnes a day.

The production is expected to stabilise by November. The details of the product mix are being finalised, they said.

More Stories on : Sick Units | Tyres | Trade & Labour Unions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Maruti launches two driving schools in Kerala


APPM commissions boiler
Murugappa sells TIAM House
Gangotri Textiles interim dividend
`Large taxpayer units from July'
Anil narrows the gap on market cap with Mukesh
SAIF Partners buys 6.66% in Jindal Poly Films
TVSE to acquire Sravanaa Properties
ITC Foods plans own facility to make biscuits
Whitefield Paper to set up Rs 1,200-cr plant in AP
Liberty Shoes to double capacity
RBI eases overseas investment norms
Ranbaxy to acquire GSK unit in Italy
Shell-HPCL deal on Hazira LNG drags on
Gitanjali JV with Sanghavi Exports
Scottish Biomedical eyeing collaborations with Indian cos
Expect debt to go down Rs 1,000 cr: McDowell
Tupperware India plans to enter beauty, home care
Dunlop pact formalised
High Energy Batteries eyes export markets
`GM to roll out `mini-car' soon'
Opto Circuits bid to strengthen market share



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line