Maruti Suzuki is trading 1.5% higher in late morning deals on reports that the company would start hiring regular workers from tomorrow to replace those who had refused to sign the good conduct bond.
“The company further brought down its dependence on permanent workers who are refusing to sign the ‘good conduct bond’ and remaining absent from work at Manesar plant. The company will start fresh recruitment of regular workers from tomorrow," MSIL said in a statement on Monday. MSIL has about 950 permanent workers, 250 apprentices and 400 trainee technicians at the facility.
Meanwhile, Haryana labour minister Shiv Charan Lal Sharma said the impasse between the workers and the management would be resolved within the next two days.
The stock opened at Rs 1,074.95 and touched a high of Rs 1,090.40 in intraday deals. Around 16,056 shares had been traded till 1040 hours.
