The authorities at Jessop & Co have agreed to withdraw the notice seeking permission to close the company,state industry minister Partha Chatterjee said Monday.
The minister was talking to reporters after a meeting between the Jessop management,trade unions,state labour minister Purnendu Bose and Chatterjee at the state secretariat.
Local MP Saugata Ray confirmed the development,saying the management had agreed to withdraw the notice.
Ray said: A committee would be set up with representatives from registered trade unions and management to look into the production issues. The government on its part has assured of proper law and order situation in the factory premises.
Chatterjee said that the government wanted the company to function and that it would look into the law and order related demands of the management.
The management on November 1 had sought government permission to close Jessop & Co demanding introduction of productivity-linked wages and complaining of law and order problem.
Jessop management had declined to attend a meeting for a resolution of the issues with the state Labour Minister after the government had invited BBUNL,a minor shareholder and competitor.