<p>The company disclosed this three days after it declared lockout at its Naganathpura plant where 715 permanent workers had resorted to ‘go slow’ and ‘tools down’ agitation. <br /><br />Bosch Senior Vice-President, Finance & Administration, Diesel System, Soumitra Bhattacharya told reporters here “the company may be compelled to declare a lockout (in Bangalore main unit) if we don’t have normalcy returning.” Workers in this plant too has resorted to ‘go slow’ tactic, he said. “We do not want a lockout, but we may be forced to if the union and associates do not go back to normal production,” he said describing the lockout as the last resort. <br /><br />Go-slow<br /><br />The union has been on ‘go-slow’ strike since February 12 resulting in 40 per cent reduction in production, he added.<br /><br />The company is incurring a loss of Rs 1 crore per day in Naganathpura plant and Rs 3 crore in the Bangalore unit. Its clients are incurring a total product turnover loss of Rs 1,000 crore monthly, he claimed.<br /><br />He pointed out that the company was willing to lift the lockout at Naganathapura provided the employees restore normal production levels and agree to the terms of management.<br /></p>
<p>The company disclosed this three days after it declared lockout at its Naganathpura plant where 715 permanent workers had resorted to ‘go slow’ and ‘tools down’ agitation. <br /><br />Bosch Senior Vice-President, Finance & Administration, Diesel System, Soumitra Bhattacharya told reporters here “the company may be compelled to declare a lockout (in Bangalore main unit) if we don’t have normalcy returning.” Workers in this plant too has resorted to ‘go slow’ tactic, he said. “We do not want a lockout, but we may be forced to if the union and associates do not go back to normal production,” he said describing the lockout as the last resort. <br /><br />Go-slow<br /><br />The union has been on ‘go-slow’ strike since February 12 resulting in 40 per cent reduction in production, he added.<br /><br />The company is incurring a loss of Rs 1 crore per day in Naganathpura plant and Rs 3 crore in the Bangalore unit. Its clients are incurring a total product turnover loss of Rs 1,000 crore monthly, he claimed.<br /><br />He pointed out that the company was willing to lift the lockout at Naganathapura provided the employees restore normal production levels and agree to the terms of management.<br /></p>