For the first time since commencing operations in 1949, the Aditya Birla Group-held Jaya Shree Textiles has declared an indefinite lockout of its mill in Rishra, West Bengal, due to rising trade unionism and may decide to move this plant out of the state in case matters remain unresolved.
For the past 20 days, despite some of the company's 5,700 workers reporting for duty, a section of trade union leaders has been preventing commencement of production resulting in this factory incurring a top line loss of Rs 50 million a day. Besides, several export orders, which make up for 25