Rediff Logo
Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women
Partner Channels: Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
Line
Home > Money > Business Headlines > Report
May 3, 2001
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Balco strike may end on Friday

The two-month-old strike at the Bharat Aluminium Company Limited plant at Korba is expected to be called off on Friday.

The crucial talks for resolving the crisis will be held on Friday at Korba. The agitating trade unions are likely to consider the Supreme Court's query whether the workers are willing to resume their duty on assurance of advance payment by the management.

The chances of ending the strike had brightened after the intervention of the apex court. The Balco management has said that it had filed an affidavit before the SC stating that no worker would be retrenched even though the shareholders agreement allows it to do so after a year.

Thousands of workers are on strike since March 2 when the government transferred 51 per cent of its equity in Balco along with management control to Sterlite Industries. The workers had received an overt support from Chhattisgarh Chief Minister Ajit Jogi.

UNI

ALSO READ:
The Balco Saga

Money

Business News

Tell us what you think of this report