Moser Baer resolves bonus, wage issues with workers

Optical storage media maker Moser Baer India today said all issues related to revision in bonus and wages had been resolved amicably between a section of its associates and the management at its Noida plant.

"We have successfully resolved all issues concerning a very small group of our associates at the Greater Noida plant. All 150 dissatisfied associates have come back and joined their respective duties. Our plant operations are running as normal," Blank Optical Media and Consumer Electronics CEO Bhaskar Sharma said.

Earlier, this week it was reported that some associates from the packaging section of one of the company's optical disc plants were at loggerheads with the management demanding revision in bonus and wages.

"This was a stray aberration in the history of Moser Baer India and that the tradition of maintaining high engagement levels with all associates has been further strengthened," Sharma added.

The company's revenues for the year ended March 31, 2011 stood at Rs 2,682.93 crore, of which the storage media products business contributed Rs 1,633.10 crore.

The company claims to be the world's second-largest manufacturer of optical media solutions commanding 16% development, manufacture and supply of optical media across the globe.

In the Indian market, Moser Baer forayed into the burgeoning domestic optical storage market with the launch of the Moser Baer label in 2003.

The company manufactures the entire spectrum of optical storage media products including Recordable Compact Discs (CD-R), Rewritable Compact Discs (CD-RW), Recordable Digital Versatile Discs (DVD-R), Rewritable Digital Versatile Discs (DVD-RW) and blue laser discs (HD-DVD and Blu-ray) and has an annual production capacity of over 3 billion units.