Financial Daily from THE HINDU group of publications
Friday, Apr 18, 2003
Financial Daily from THE HINDU group of publications Friday, Apr 18, 2003 |
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Corporate
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Announcements Apollo Tyres lifts lockout at Pune unit K.R. Srivats
NEW DELHI, April 17 THE management of Apollo Tyres Ltd has lifted the lockout at the automobile tube manufacturing plant at Ranjangaon in Pune. The plant accounts for about 15-20 per cent of the total tube requirements of the company. The lockout has been lifted from March 31 and normal production is now on in that facility, according to Mr Sunam Sarkar, Chief- Strategy and Business operations, ATL. Operations were suspended in that facility from February 7 on account of what the management termed it as `labour problems'. The management maintained that the suspension of operations at the tube manufacturing plant had not affected the company's overall operations as alternative arrangements for sourcing of tubes were made in that period.
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