Bajaj Auto workers at Chakan plant go on strike

Bajaj Auto on Tuesday said workmen at its Chakan plant have “stopped coming” to work thereby affecting production following the management’s refusal to allot them shares at discounted price. The company said the workers had earlier given a notice for a stoppage of work at the plant.

“The workmen have,however,stopped coming to the Chakan plant from June 25,2013,itself,without assigning any reason for this stoppage,” BAL said in a filing to the BSE.

The reason for the strike was “that management had refused to concede their demand that all the workmen working in Bajaj Auto should each be given an option to subscribe to 500 equity shares at a discounted price of Re 1 per share”,it added.