Maruti Suzuki has moved up nearly 1% at Rs 1,092 in morning trades, in an otherwise weak market, as full scale production from its Manesar plant is scheduled to today, ending a 33-day long standoff with the workers on Saturday.
As per the agreement, workers agreed to sign the contentious good conduct bond laid down by the management, while the company agreed to conditionally take back 18 trainees who were suspended. However, 44 regular employees against whom disciplinary action was taken have been kept under suspension.
In order to work out an amicable solution, the management agreed to bring the 10 dismissed workers to the suspended list. The fate of 44 workers would depend on the outcome of inquiry that would be initiated soon.
The scrip opened at Rs 1,085 and touched the day's high at Rs 1,075. Around 32,786 hands have changed hands on the BSE counter till 1038 hours.
