TE is Switzerland-based provider of Internet connectivity systems. It has 7 manufacturing factories in India which includes 5 in Bangalore and 2 in Pune. A total of 4500 employees work in India out of which 2000 staff are in Bangalore including R&D staff. The total revenue for TE Connectivity in India is Rs 1400 crore.
Out of 5 factories in Bangalore, 2 of them have been declared as Lock Out by the management due to the dispute with the employees over hikes in wages. The management has stopped the operations due to this industrial dispute since they consider this as unlawful strike but it has an intention to reopen once the employee unions are in consent to work under the existing wage rates.
What is a LOCKOUT?
• Temporary closing of workplace/ suspension of work BY THE EMPLOYER
• The intention to RE-OPEN must exist.
• 14 DAYS NOTICE TO BE GIVEN by the employer.
TE Connectivity feels that India is a lucrative destination for R & D due the availability of high qualified engineers and scientists at cheap rate and hence aggressive enough to open another manufacturing plant at the Aerospace Park, Yelahanka in Bangalore.