Corporate Results of over 2500 companies Saturday, November 20, 1999
fesub.gif (4328 bytes)
Full Story
fe.gif (834 bytes) flnews.gif (5153 bytes)
Search FE
-
Download
BSE Quotes
NSE Quotes
-
Think Tank
This week we focus on a complete analysis of the
internet industry
-
 

Bata reopens Faridabad unit; sales likely to surge 

PRESS TRUST OF INDIA  
New Delhi, Nov 19: Bata India, the largest footwear manufacturer in the country, has re-opened its Faridabad unit after an eight month lock-out following a settlement with the striking workers.

"We re-opened the unit early this month after a negotiated settlement with the workers on outstanding issues," MJZ Mowla, senior vice president of Bata India said. The faridabad plant, which is the largest unit of Bata India, has been under lockout since February this year.

The lockout, which was declared following an industrial go slow by unions, was lifted following a tripartite agreement between the management, workers and the Haryana government. Mowla said the eight-month lockout would not affect the company's revenue in the current year as Faridabad unit was catering to lower-end products like canvas shoes and hawai chappals.

He said Bata India was likely to report higher turnover in 1999 ending December compared with last year's Rs 743.17 crore. Sources said the settlement was reached after Punjab and Haryana high court stayed Haryana government's order prohibiting the lockout. Haryana labour commissioner had asked the company not to continue with the lockout at the Faridabad plant by an order on August 19.

Mowla said Faridabad unit, which has a capacity of 4.25 crore pairs per annum, was likely to take some time before going full steam. Last year, the company had sold a total of 6.1 crore pairs of foot-wear.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.

- Lead Stories | Corporate | Infrastructure | Commodities | Economy/Finance | BSE Today | NSE/ Markets | Strategy | Convergence | After Hours top.gif (150 bytes)Top
flame.jpg (1068 bytes) © Copyright 1999: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the world.
This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of
The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.