Kirloskar Electric recalls 14 workmen back to work at Tumkur unit; Stock gains over 2%

25 Feb 2022 , 11:15 AM

Kirloskar Electric Company Limited has recalled 14 workmen who were in lay off at the Company’s unit located at Hirehalli, Tumkur (Unit-07). However, the company has extended the layoff period of 03 workmen out of 78 workmen till April 15, 2022, at the same unit.

The company had 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 from the concerned labor department thereafter.

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

At around 11.17 am, Kirloskar Electric Company Ltd was trading at Rs21.55 per share up by Rs0.5 or 2.38% from its previous closing of Rs21.05 per share on the BSE.