Kirloskar Electric to extend partial layoff for workmen at Govenahalli unit till May 19; stock down 1%

Many workmen at the Govenahalli unit are under suspension since June 15, 2020, due to the Covid-19 pandemic impact.

Apr 12, 2021 09:04 IST India Infoline News Service

Kirloskar Electric Company Limited informed the exchanges Friday that the company has made an application to the concerned labour department to extend the partial lay-off period of 39 workmen of the Company’s Unit located at Govenahalli up to May 19, 2021.

Earlier, it had applied to the concerned labour department for further extension for the partial lay-off for a further period of 60 days to 40 workmen of company’s Unit located at Govenahalli (Unit-1) in Bengaluru from January 20, 2021. Many workmen at Govenahalli unit are under suspension since June 15, 2020 due to Covid-19 pandemic impact.

The company had also laid off its workmen at the Hirehalli, Tumkur and Budihyal plants from June 12, 2020, as a temporary arrangement due to Covid-19 impact and has sought many extensions thereafter.

Ata round 9.36 am, Kirloskar Electric Company Ltd was trading at Rs13.10 per piece down Rs0.15 or 1.13% from its previous closing of Rs13.25 per piece on the BSE.

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