Hit by strike, Glaxo halts ops at Nabha
New Delhi, May 23
GlaxoSmithKline Consumer Healthcare has suspended operations temporarily at its factory in Nabha in Punjab effective May 21 following disruptions created by its workforce.
“Due to certain disruptions created by the workforce/flash strike... the management of the company has decided to suspend operations temporarily at its factory located at Nabha with effect from the night of May 21,” GSK Consumer Healthcare said in a BSE filing today.
The company said it took the step “in the interest of safety and security of its employees and to protect the assets of the factory”.
Last week, GlaxoSmithKline (GSK) Consumer Healthcare reported an 8.18% decline in its standalone net profit for the March quarter at Rs 180.7 crore. The company had posted a net profit of Rs 196.8 crore for the corresponding period a year ago. PTI
