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Maruti strike: Settlement in sight

An amicable settlement to the 13-day old strike at Maruti Suzuki India's Manesar plant was in sight today as an agreement is being drafted after hectic talks between management and workers, brokered by the Haryana government.

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An amicable settlement to the 13-day old strike at Maruti Suzuki India's Manesar plant was in sight today as an agreement is being drafted after hectic talks between management and workers, brokered by the Haryana government.

CPI leader Gurudas Dasgupta said a settlement was in sight to strike, which has resulted in production loss of 12,600 units estimated to be valued around Rs630 crore.

"I have spoken to Haryana chief minister Bhupinder Singh Hooda several times and finally an agreement is being drafted," the CPI MP told PTI here.

As per the agreement, which is being worked out, all 11 sacked employees are likely to be reinstated and there will be no reference to the management's decision of not allowing trade union activities at the plant, Dasgupta claimed.

At the time of filing the report company officials and striking workers said the talks were still on.

The shares of Maruti Suzuki India (MSI) today fell 1.74 per cent to close at Rs 1,189.45 apiece on the Bombay Stock Exchange.

Yesterday, Haryana chief minister met top MSI executives, including managing director and CEO Shinzo Nakanishi, and was understood to have assured the firm of the state government's support in not letting formation of second union.

Dasgupta, however, said workers in about 65 factories in the Gurgaon-Manesar industrial belt will "work empty stomach" on June 17 and hold a two-hour tool-down strike on June 20 between 11am and 1pm to support the striking employees of Maruti.

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