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Lock-out at Texprint Overseas lifted

Our Correspondent  |  Nagpur 

Butibori-situated Texprint Overseas Ltd has lifted its lock-out thus bringing to an end a dreary episode of labour unrest at the export-oriented unit.
The lock-out came into effect from August 4 and was preceded by a halt in production from July 12. It was lifted last week, following an agreement between the management and the workers' union.
A copy of the agreement was submitted to assistant labour commissioner S A Kumbhare in the presence of representatives of workers and management. It will be valid for a period of three years.
Under the agreement, the management has promised to give various facilities to workers including a pay hike of Rs 975 in the basic salary. The amount would be given in three instalments - Rs 275 in the first year, Rs 350 in the second year and Rs 350 in the third. The workers would also be given dearness allowance of Rs 151.
The company had suspended its operations since July 12 and served a lock-out notice to the workers after giving them 21-days salary. The workers had termed the lock-out as illegal and filed a petition in the industrial court for a stay on it. After hearing both the sides, the court held the lock-out as legal on August 16.
Workers' representative Padmakar Berad said the management had sought the workers cooperation in view of the mounting losses. "The management has decided to give us a wage hike and though it did not match our demand, we have accepted it for the cause of restarting the company," he said.
Texprint Overseas commenced its commercial production way back in 1997 and was exporting to countries such as Indonesia and Italy. After doing good business for some years, the company went through a bad phase due to lack of orders from overseas clients. To overcome the losses, the company diverted its product (synthetic grey fabric) in domestic market.
Texprint with a workers strength of 232, had a turnover of Rs 19 crore in the financial year 2003-2004 as against Rs 14 crore recorded in 2002-2003.

First Published: Fri, September 03 2004. 00:00 IST