Bosch India Ltd workers on strike for wage hike
About 2,600 workers at the main production plant of German auto components major Bosch India Ltd here struck work Tuesday, seeking higher wages. In a regulatory filing to the Bombay Stock Exchange (BSE), the city-based Indian subsidiary claimed that the employees' union of its Bangalore plant had chosen to go on strike from Tuesday to press for their 'unreasonable demands'. "Strike will be considered as illegal," the company said in the statement. The management, however, is in discussion with the union to restore normalcy with the intervention of the state additional labour commissioner, as production has come to a halt. Though the company has offered the trade union (Mico Employees Association) an increase of Rs.17,000 per month for each employee, the striking workers are demanding Rs.20,000 per month.
Read the Economic Times news report here.