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| Exchange Received Time 29/08/2017 11:46:18 Exchange Disseminated Time 29/08/2017 11:46:23 Time Taken 00:00:05 | Information pursuant to Regulation 30 of the SEBI (LODR), Regulations, 2015.
The Workmen's Union of Bengaluru and Bidadi facilities of Bosch Limited ('the Company') have declared a one day strike on August 30, 2017 sighting delay in the closure of the long-term wage settlement.
The Management is in discussion with the Union regarding long term wage settlement with the intervention of the Additional Labour Commissioner, Karnataka.
The Company Management believes in bi-lateral discussions to resolve such issues and will continue to engage with the Union. As a fair and value based employer, the Company has a very attractive pay package and a selection of welfare measures that match the best in region-cum- industry.
The production loss on account of the strike for a day is estimated to be around INR 5 crore. However, customer fulfilment will not be adversely affected due to availability of stocks and other alternative measures taken by the Management.
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