Pfizer declares lockout at Thane unit after labour unrest
The lockout may not have any impact on its business operations, as the company had made arrangements, including contract manufacturing of products and import arrangements, for the domestic market
BS B2B Bureau B2B Connect | Mumbai
The plant was the only manufacturing unit of Pfizer in India employing 212 people.Pfizer said the lockout would not have any impact on its business operations, as it had a continuity plan.
The executive said it had made arrangements, including contract manufacturing of products and import arrangements, for the domestic market.The management has not indicated any timeline for starting operations.
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With an annual turnover of Rs 948 crore in India, Pfizer has a major presencein the anti-diabetes segment and is significantly present in anti-infectives, cardiovascular and respiratory drugs.
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First Published: Aug 05 2014 | 8:08 AM IST