Bosch threatens union for another lockout

Bosch-LogoThe 58-year old subsidiary of the German component maker Robert Borsch, Bosch India has threatened a lock out even at its main plant after the workers at its Naganathpura production plant refused to come back on work.

The company has already lost an order from Maruti Suzuki and as the other orders from the auto majors like Hyundai, Ford and Tata are also expected to feel the heat of the lockout, the component maker is perhaps in no mood to stay quiet.

While the workers union is furious that the company is rather thinking about another lockout than listening to the demands of the workers, Bosch is certainly not looking at coming at a conclusion shortly.

The workers went on a go slow approach after the management declined their proposal of Rs. 15,000 hike in monthly wages, the company declared lockout making the workers go out of work. It is estimated that the company has incurred a loss of Rs. 4 crore after it declared lockout on Tuesday.

Notably, Bosch India's unit one of the most profitable for the company as compared to the operations in other countries which are suffering losses.