The meeting was held following Chief Minister M K Stalin's directive to three of his ministers to resolve the issue at the earliest.
KEI Industries said that the labour strike at its Rakholi and Chinchpada units has been called off, and the operations have been normalised.
KEI Industries operations were hit by strike at 2 of its units, which could lead to a potential loss of Rs 8 crore worth of production per day.
Bajaj Auto today said it is hopeful of finding a solution to end the strike at its Chakan plant in the next two days and hence has extended deadline for the permanent transfer of 50 per cent of production from there to other units till Friday.
Rajiv Bajaj is hopeful that Bajaj Auto would manage to achieve 25 percent production as compared to what their normal production is at the Chakan factory due to ongoing strike. The overall focus is going to be on high-end bikes like the KTM and the export market.
India's largest passenger car maker Maruti Suzuki's second quarter net profit slumped 60% year-on-year to lower-than-expected Rs 240.44 crore on the back of labour strike at its Manesar plant and slowdown in auto sales.
Maruti Suzuki India is looking at options to offset the production lost at Manesar plant due to the ongoing labour strike and may use its plant in Gurgaon to ease the bottleneck, CNBC-TV18 reported quoting Newswire18.
Maruti Suzuki India is losing Rs 40 crore in revenue per day due to the ongoing labour strike at its plant in Manesar, Chairman RC Bhargava said Tuesday.
Practiced internationally in many countries, this model dictates having individual holding unions at every plant to look into their own factory related problems. Swati Khandelwal of CNBC-TV has an exclusive report