Two wheeler maker LML has declared a lock-out from today due to an illegal strike by its workers at its Kanpur unit. | |
| "Due to the illegal strike by the workers, the company has declared a lock-out with effect from March '07," the company informed the Bombay Stock Exchange. The factory employs around 2,000 people and rolls close to 500 two-wheelers in a day. |
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| Earlier last week, a company official had admitted that production of its latest offering LML-CRD has not achieved full capacity due to liquidity issues. |
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| Although production ceased nearly a month ago, for the last one month the company was completing its export orders and getting balance components made. About 1,000 workers staged a demonstration recently at the assistant labour commissioner's office in the city. |
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| The impact on local industry will be large because LML has nearly 100-150 vendors, either direct suppliers or tier 2 suppliers, according to Tarun Khetrapal, president, IIA, Uttar Pradesh. |
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