Frequent strikes might make Pricol move out of Coimbatore

Leading auto component manufacturer Pricol has said it may be forced to move production units out of the district due to frequent strikes and 'non-cooperative' attitude of some workers for the last two years,substantially bringing down its profit margin. The labour problem, started by a union, "following the ideologies of CPI-ML", in 2007 had had a severe impact on the company's performance for the last two years, Vanitha Mohan, Executive Director, Pricol told reporters here last night. With a 15 to 20 per cent year-on-year growth, Pricol should have reached Rs 800 crore turnover last fiscal. But the strike has dented turnover... [read full story]                    

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