The strike at Maruti Suzuki's plant in Manesar continued for the 11th day on Tuesday as talks between the workers and management failed to resolve the deadlock over creation of a second workers' union.
According to the official, the production halt at the Manesar plant has cost the automobile major a volume loss of around 10,200 cars, including 600 units on the first day of the strike June 4 which translates into a revenue loss of approx Rs. 340 crores.
By the way the stock price of the company hasen't been affected that much and is down around 2% since June 4 2011. But if the strike continues for few more days, there might be deeper impact on the company's stock prices.
No comments:
Post a Comment