JK Paper today announced lockout at its manufacturing unit in Odisha from today after its workers stopped work earlier this week.
"...Some of the contract workers at unit JKPM at district Rayagada, Odisha, had resorted to illegal and unlawful stoppage of work, which has resulted in disruption of production thereat since then," JK Paper said in a BSE filing.
It further said, "The company, due to their continued illegal and unlawful activities of stoppage of work, has declared a lockout with effect from today August 31, 2018, at the said unit and it shall continue till further notice in this regard".
Shares of JK Paper settled 3.82 per cent lower at Rs 155.90 on BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app