VALPOI
ACGL CFO Raghavendra Butala has said employees of the company have been given salary increments at different levels, even though the current financial condition of the company is weak. Addressing a news conference, Butala said the company will have to bear a loss of Rs 30 lakh per day as its production would be shut down for five days of the strike by workers, leading to a loss of around Rs 1.5 crore. Butala appealed to workers to consider about the future of the company.
VALPOIWorkers of the ACGL unit at Bhuimpal-Sattari began their strike on Monday and threatened further protests from Wednesday, if their demands were not met.A notice regarding the strike had been submitted by the company's trade union to the ACGL management and the labour commissioner about a fortnight ago.The workers have claimed that various demands have been pending for three years. The Maharashtra Navnirman Sena (MNS) Sanghatana has pledhed full support to the striking…
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