New Delhi: German auto component maker Bosch on Tuesday said workmen's union of its Bengaluru and Bidadi facilities have declared a day-long strike on August 30, sighting delay in the closure of the long-term wage settlement.
"The management is in discussion with the Union regarding long-term wage settlement with the intervention of the Additional Labour Commissioner, Karnataka," Bosch said in a regulatory filing.
It further said: "The company management believes in bi- lateral discussions to resolve such issues and will continue to engage with the union. As a fair and value-based employer, the company has a very attractive pay package and a selection of welfare measures that match the best in region-cum- industry".
Bosch said the production loss on account of the strike for a day is estimated to be around Rs 5 crore. However, customer fulfilment will not be adversely affected due to availability of stocks and other alternative measures taken by the management, it added.