Krebs Biochemicals & Industries face production loss due to workers’ strike

The company said a group or section of employees from Krebs workers and Staff Union at Nellore unit are remaining absent from duties during various shifts in an “unauthorized and unjustified manner”.

Jun 23, 2021 11:06 IST India Infoline News Service

Krebs Biochemicals & Industries Limited informed the exchanges Tuesday that a group or section of employees from Krebs workers and Staff Union at Nellore unit are remaining absent from duties during various shifts in an “unauthorized and unjustified manner”.

The company further said that its management is doing all that is possible in its hand to discuss and resolve this issue amicably with the workers. The company may face loss of production and hindrance in the operations due to the said strike of the workers.

“Though, the Union has given the notice for the same, the notice is not as per the timelines prescribed under statues. The aforesaid acts of the employees have been construed as subversive of discipline and misconduct as per the rules of the Company and accordingly all the absenting employees have been advised to resume their duties and start the production activities,” company said in a filing.

At around 11.14 am, Krebs Biochemicals & Industries Ltd was trading at Rs120.90 per piece down by Rs0.6 or 0.49% from its previous closing of Rs121.50 per piece on the BSE.

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