the plant, the management remains determined to deal with the incident swiftly, fairly and firmly. Accordingly, involved workmen will be dealt with within the norms of the certified standing order.”
The continuing Hero MotoCorp labour problems are unfortunate for the company given the festive season has begun; any loss of production will constrain it from building up inventory. Between April-July this year, Hero’s volumes are down 3% at 20 lakh units. In fact, the current spate of labour problems come just four months after the company settled a dispute with its Gurgaon plant union over a new wage deal.
Hero MotoCorp shares at the BSE were down 0.66% at Rs 1,290.25 on Friday.