Maruti Suzuki is facing a disruption in production at its plant in Manesar after a section of workers went on strike on Saturday, a spokesman for the company said.
Around 800 workers went on strike demanding the recognition of a new union, Maruti Suzuki Employees Union, the spokesman said, resulting in a production loss of about 650 units on Saturday.
Maruti, 54.2 percent owned by Japan's Suzuki Motor Corp, produces about 1200 vehicles a day from the Manesar plant.
At present, the company has one workers' union that is recognized by the management -Maruti Udyog Kamgar Union.
Shares of the company fell as much as 1.9 percent on Monday to 1,210 rupees in a weak Mumbai market.
Source: http://in.reuters.com
Ravi Jhawar
Summer Intern-Technical Analyst
DENIP Consultants Pvt. Ltd.
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