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Maruti drops workers clash stops production at factory

INDIA-MARUTI-MANESAR-FACTORY-WORKERS:Maruti drops workers clash stops production at factory

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Reuters MUMBAI
Last Updated : Jan 21 2013 | 8:29 AM IST

Shares in Maruti Suzuki dropped more than 5 percent on Thursday after India's largest auto maker stopped production at one of its factories following violent clashes between workers and managers.

Any sustained shutdown of the Manesar factory in north India would be a blow for the carmaker, which lost over $500 million worth of production last year due to weeks of labour unrest at the same plant.

 

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First Published: Jul 19 2012 | 9:24 AM IST

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