Jun 24, 2011, 01.01 PM | Source: Reuters
Tyremaker MRF said a lock-out at its plant in Kerala has been lifted effective Friday morning.
The meeting was convened by Regional Joint Labour Commissioner Vincent Alex to find a solution to the differences between the management and the unions on trivial issues.
The plant will start operation on Friday morning, MRF sources said. The suspension of three employees’ leaders have been revoked. The Regional Joint Labour Commissioner will study other issues and submit his report within a week.
On Wednesday, the firm had declared a lock-out in the unit due to labour unrest causing its shares to fall more than 5%.