Noida workers protest: Samvardhana Motherson says unrest has no material impact on operations
In an exchange filing, the company said the unrest was part of a broader workforce issue affecting multiple sectors in Noida, Uttar Pradesh and some other cities, driven by “misinformation” about wage revisions.
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“Our operations comply with all applicable laws with no material impact on the Company. The safety of our employees remains our top priority,” the company said.
According to the Uttar Pradesh Police, demonstrations were held at multiple places in Noida, allegedly instigated by elements from outside the state, but violence was witnessed at only one place and these demonstrations were brought under control using minimal force.
A large number of workers from various industrial units gathered in some parts of Noida demanding wage hike. Protests turned violent in some areas, leading to arson, vandalism and traffic disruption.
Also Read: Noida protest: Cars set on fire, stones hurled during salary hike unrest; watch videoThe company added that authorities are working closely with industry stakeholders to return to normal as soon as possible.
The company said the statement was issued in line with the listing and disclosure requirements of the Securities and Exchange Board of India and will also be shared with the media.
