Kitchen appliances maker TTK Prestige on Tuesday said it has concluded a long-term settlement covering all its workmen at the manufacturing unit in Gujarat. The company, however, did not share the details of the settlement.
‘The company has successfully concluded a long-term settlement covering all its workmen at the manufacturing unit at Karjan, Gujarat. This settlement provides for better productivity,’ TTK Prestige said in a regulatory filing.
As per TTK Prestige’s website, the company has five manufacturing plants at Hosur and Coimbatore in Tamil Nadu, Karjan in Gujarat, Roorkee in Uttarakhand, Khardi in Maharashtra.