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why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. Production at a key Samsung Electronics plant in southern India was disrupted by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labor unrest.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. South Korea-based Samsung, India’s biggest consumer electronics company, counts the country as a key growth market, competing with the likes of LG Electronics to make everything from televisions and refrigerators to smartphones.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. The strike-hit plant in Sriperumbudur, the smaller of Samsung’s two Indian factories, employs around 1,800 people and makes electronic products rather than smartphones.

But it still contributes 20% to 30% of Samsung’s annual $12 billion revenue in India, said two sources with direct knowledge of the matter, speaking on condition of anonymity.

Posters saying “Indefinite Strike” went up outside the factory near the city of Chennai, where hundreds of workers in company uniforms set up tents to shade themselves from the heat.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. About half of the factory’s daily production was affected when many workers stayed away on Monday, and the protesters continue to press their demands for higher wages, better hours and, most importantly, want Samsung to recognize the formation of a union backed by the Centre of Indian Trade Unions group.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. Samsung’s Southwest Asia CEO, JB Park, and other senior executives are visiting the factory to find a resolution, people with direct knowledge of the situation said. Park oversees the India market for Samsung from Gurugram, near New Delhi.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. Samsung did not respond to a request for comment. Muthukumar said no settlement had been reached during the discussions on Tuesday with Samsung management.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Free real-time market data to help you quickly recover and avoid losses. Tamil Nadu labor secretary Veera Raghava Rao said negotiations between workers and management are ongoing, but there is no indication yet when the matter will be resolved.

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. Related articleSamsung workers declare an indefinite strike to campaign for better pay and leave policies

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. A spokesperson for Samsung India said on Monday that it actively engaged with workers “to address any grievances they may have and comply with all laws and regulations.”

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. The strike comes ahead of India’s festive season when consumers buy gifts or items for personal use, lured by discounts offered by manufacturers.

“A strike at this point puts a spanner in Samsung’s production ramp-up ahead of the all-important festive season sales beginning October,” said Prabhu Ram, a vice president at Cybermedia Research.

In South Korea, the 36,500 members of Samsung Electronics’ biggest worker union who have been demanding higher wages and benefits, held a strike for several days in July and August.

In India, its workers are demanding equal remuneration for those with the same length of experience, according to at least half a dozen employees who spoke on condition of anonymity.

“If they (Samsung) had given us a living wage and treated us with respect, we wouldn’t have thought of joining a union,” said one worker outside the factory, who declined to be named fearing reprisal from the company.

One poster outside the factory exhorted state labor officials not to support management, advising instead: “Discuss and solve demands from the labor union with union officials.”

why is tata motors limited (tatamotors) falling ✌️【Flexible Income】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Selection 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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