Mar 20, 2013, 10.40 PM IST
Harbhajan Singh vice-president, industrial relations of Honda Motorcycle & Scooter India, says that the frequency of labour trouble has increased in last 2-3 years and is posing as a threat to the business environment.
Below is the edited transcript of his interview to CNBC-TV18.
Q: Another massive protest rally was organised today? Will this affect the industrial environment, which has already been vitiated on account of what we have seen happen at Maruti and previously even at companies like Honda Motorcycle and Scooter India (HMSI)?
A: This was ongoing in the past also but the frequency has increased in last two-three years. A large number of employees stay in Gurgaon where thousand of workers of different factories also stay in close proximity. What is happening is that, whenever there is any issue where some pressure can be applied on management then even the central trade unions take the lead, try to show solidarity and organise rallies.
Q: The incident of these rallies is clearly gone up and as a leading automaker in that region are you not worried at the increasingly volatile situation? How are you gearing up to deal with this?
A: What is happening today is that, a small company which employs 200-300 workers and if the management takes any action against indiscipline worker then it becomes a big issue and spreads like fire in the region.
There are instance where we saw that companies having 200-300 workers are seeing gate meetings of 1000 workers in front of company gate which poses a threat to the management staff and senior team members. This type of support boost the morale of the handful few troublemakers and then things at times moves out of hand.
Maruti Suzuki stock price
On December 11, 2013, Maruti Suzuki India closed at Rs 1751.90, up Rs 1.70, or 0.10 percent. The 52-week high of the share was Rs 1777.80 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 100.73 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 17.39. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 2.85.
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