Ruby Mills' Weaving Division Resumes Operations After Strike Settlement at Dhamni Plant
The Ruby Mills Limited has reported that operations of its weaving division at the Dhamni Plant have resumed, following a resolution reached with workers after an illegal strike. The company stated that management is pursuing necessary legal action regarding the unrest.Management confirmed that the striking workers had been advised to resume work, citing the need to maintain industrial peace and harmony. The dispute was resolved after discussions involving local authorities and the workmen's advisors.
The resolution process involved the intervention of the local Labour Commissioner's office and Police Authorities, specifically the Superintendent of Police (SP) and the Deputy Superintendent of Police (Dy SP).
In addition to resolving the immediate strike issue, The Ruby Mills Limited obtained an order from the Industrial Court. This court order restrains the workers from gathering around the factory or obstructing work. Looking ahead, the company intends to approach the Regional Industrial Labour Court in Thane regarding the illegal strike and subsequent action.
The impact of the strike and associated losses were reported as follows:
| Particulars | Detail |
|---|---|
| Damage due to Illegal Strike | Loss of standing charges is about Rs 35 Lakhs. |
| Insurance Claim Status | Nil. |
Regarding steps taken to restore normalcy, management and Plant Heads coordinated with the local Labour Commissioner's office, along with the Police Authorities (SP and Dy SP) and workmen's advisors, who collectively worked towards restoring operational stability. The company stated its expectation for continued peaceful operations moving forward.
RUBYMILLS Stock Price Movement
Shares of The Ruby Mills Limited shed value today, concluding at ₹342.75 after slipping 0.9% from its previous close. Trading activity saw a volume of 10,653 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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