Birla Tyres Lockout Ends
Kesoram Industries Ltd has informed the Bombay Stock Exchange that the lockout at its Balasore factory in India’s Orissa state has been lifted. As of 6am on August 3 operations recommenced at the facility. A company spokesperson reported that almost 90 per cent of workers returned to work for the first shift. Tyre production will restart on August 4.
The lockout was declared on July 16 after the company reported that workers “are forcibly squalling inside the factory premises of the said section in an illegal manner.”