Samvardhana Motherson International addressed the ongoing labor unrest in Noida, stating that it is part of a broader issue affecting various industries but has not significantly impacted its operations. The company emphasized that recent media reports about labor protests in Noida and other cities do not target any specific company.
In response to concerns about wage revisions, the company clarified that the labor unrest is not limited to a single company but is a widespread issue affecting multiple industries in Noida and other cities. Samvardhana Motherson International assured that its operations are in compliance with all relevant laws and that there is no substantial impact on the company, with employee safety remaining a top priority.
Despite ongoing unrest in industrial areas, the company reiterated that its operations continue unaffected and in adherence to regulations. The situation has triggered unease across sectors, especially in manufacturing industries like auto and auto components, due to the industrial concentration in these regions.
While reports of worker protests and wage-related tensions persist, Samvardhana Motherson International’s statement suggests that the problem is not specific to the company, and there have been no immediate disruptions to its operations.