Rajiv Bajaj talks tough with unions

Bajaj Auto chief Rajiv Bajaj on Wednesday rejected the demand of labour unions for allotment of Employee Stock Options (Esop) but said the company management is ready to discuss other issues that the union has raised, including reinstatement of suspended workers.

"The company will not agree to demand to allot shares to the employees even if stoppage of work goes on for 500 days, as even the top management has not been allotted shares," managing director Rajiv Bajaj told reporters here, as the strike continued for the 23rd day at its Chakan plant.

However, he was quick to add that the management is ready to discuss other issues that the union has raised, including reinstatement of suspended workers.

Meanwhile, a company official said the production loss since June 25 has been around 30,000 units.

Bajaj explained, "We don't want to buy loyalty by giving shares. The union can read it either as our arrogance or humility." 

"The allegations about ill-treatment of workers are nothing but laughable. Production and discipline has to be restored to normal before meaningful dialogue can take place.”

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