Strike at Nestle's Pantnagar plant

Packaged food maker Nestle India  said on Friday that workers at its Pantnagar plant have gone on a strike, after the company took disciplinary action against some employees.
    
The company has termed this strike as "illegal and unjustified."
    
"The workers of the company's factory at Pantnagar have resorted to an illegal and unjustified strike relating to disciplinary action taken by the company against a few workers," Nestle India said in a regulatory filing to the Bombay Stock Exchange.
    
However, the company is in dialogue with people concerned for discontinuation of the strike, it further said.
    
According to Nestle India, appropriate steps have been taken by the factory management towards production at the site.
   
Shares of Nestle India dropped over 2 per cent in morning trade on the BSE but later witnessed a rebound and were trading at Rs 1,747.50, up 0.17 per cent.