Pune: Workers union at the Bajaj Auto Limited Chakan plant has decided to call of their strike, which began at June 25. The decision by the workers mean that the workers have given up their demands, however, they insist that they will continue to press for their demands. These demands include allotment of company shares, wage revision and reinstatement of sacked colleagues.
The Vishwa Kalyan Kamgar Sanghatana Union's decision to call off the strike came ahead of the company's decision to move half of the company's Chakan plant production to other plants in Aurangabad and Pantnagar. The talks between the union and Bajaj management were presided over by senior labour officials from Maharashtra.
The union workers demanded that each of its 900 members be given stock options to the tune of 500 shares, for a price of Re 1/share. The company had categorically rejected this demand. The union had also terminated a nine-year wage agreement prematurely, and demanded the reinstatement of 22 workers suspended for various reasons.