NEW DELHI: Auto parts giant Bosch today said he had placed tomorrow’s orders at its Jaipur plant last week due to ongoing unrest among factory workers. The company said on April 15: “With the support of the Minister of Labor, the labor parties held a conciliation meeting on April 13, 2015, where the union agreed not to take ‘slow’ action and appealed to Bosch Ltd.” The suspension was lifted from the first shift in 2015. The Secretary of Labor directed the parties to continue discussions on a long-term wage settlement. On April 6, Bosch announced the closure of its Jaipur plant as worker unrest continued at the plant. The plant, which has been experiencing labor issues, closed for a day last month after a one-day strike over wages. Since March 19, 2015 From that day, the union began illegal delays that led to a 70 percent reduction in production, followed by the announcement of a lockout. Bosch also said it does not expect an immediate impact on custome...

Endurance Technologies Ramesh Gehaney discusses the COVID-19 pandemic, the resulting embargo, and the business impact of the virus making a comeback a year later with The Economic Times Today. ET Now: How do you think the second wave of the pandemic will affect teaming companies like yours? Ramesh Gehaney: The impact of the second wave of the epidemic won’t be immediate, but if cases continue to rise and restrictions are tightened, there will be a ripple effect with economic consequences. But so far, everyone is trying to take precautions, so we should be fine. For now, there are no changes to the supply model, the dispatch model, or the consumption model. ET Now: Do OEMs need to increase supply? Or increase inventory? Any panic calls? Ramesh Gehaney: I am not embarrassed yet. However, the OEMs, especially those sourcing from Maharashtra, are obviously keeping a vigil. They are operating carefully to ensure adequate secondary and tertiary stocks. We are confident that our stocks ...