New Delhi :Global auto parts major Bosch plans to suspend all production activity at its Bengaluru and Bidadi plants for two days from December 30 in order to adjust to the market demand.
“With a view to adjust production to meet the demand for products and to avoid unnecessary buildup of inventory, it is proposed to suspend all manufacturing operations at the company’s Bengaluru and Bidadi plants on December 30 and December 31,” Bosch said in a regulatory filing.
There is no financial impact on account of the proposed suspension of operations, it added.
The company has already announced plans to suspend all production activity at its Jaipur plant for eight days from December 26 in order to adjust to the market demand.
Bosch manufactures various products as diverse as diesel and gasoline fuel injection systems, automotive aftermarket products, auto electricals, special purpose machines, packaging machines, electric power tools and security systems.
Last year, workers at the company’s Bengaluru plant had struck work for over three months over wage settlement.
Later on, Bosch group Chairman of the Board of Management Volkmar Denner had stated that repeated incidents of labour unrests could hurt investments in India.
Bosch shares ended at Rs 18,562 on BSE, up 0.79 per cent from the previous close.