The Dunlop management had declared suspension of work at its Sahaganj factory in West Bengal's Hooghly district on October 2011 alleging law and order problem at the plant and non-cooperation from workers.
The plant is expected to reopen on September 25 and employees were likely to get Rs 5,000 as lumpsum and rest of the dues was likely to be settled in instalments.
The company management in a statement said during a meeting chaired by the minister, a tripartite agreement was reached for reopening the Sahaganj plant for refurbishment followed by commencement of production in a phased manner, but declined to speak further on the terms of reopening.
The previous labour minister Purnendu Bose had alleged there had not been any labour unrest in the factory since the bipartite agreement in 2006 and 306 employees, who had taken early retirement, had not been paid their dues.
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