Brief: Dai Ichi Karkaria Enters Into Settlement With Labour Union

Dai Ichi Karkaria

04/11/2019 08:46

Nov 4 (Reuters) - Dai Ichi Karkaria Ltd  DAIK.BO :
    * ENTERED INTO FULL AND FINAL SETTLEMENT WITH HIND KAMGAR
SANGHTANA
    * SETTLEMENT FOR AN AMOUNT OF 36.5 MILLION RUPEES
    * SETTLEMENT FOR ENDING LABOUR ISSUES IN COMPANY
    * PURSUANT TO IMPLEMENTATION OF SETTLEMENT, ALL LITIGATIONS
FILED
AGAINST COMPANY BY HKS WILL BE WITHDRAWN
    * AGITATION OUTSIDE FACTORY GATE OF KASARWADI PLANT WILL BE
ENDED
    * SETTLEMENT WILL HELP COMPANY TO FOCUS ON MOVING NECESSARY
MACHINERY, EQUIPMENT AND STOCK TO ITS DAHEJ PLANT
    * SETTLEMENT WILL HELP COMPANY COMPLETE NECESSARY POST -
CLOSURE
FORMALITIES PERTAINING TO KASARWADI PLANT

Source text for Eikon:  ID:nBSEzMQnN 
Further company coverage:  DAIK.BO 

 ((Reuters.Briefs@thomsonreuters.com;))