Nation Current Affairs 29 Aug 2019 Strike hits Muthoot ...

Strike hits Muthoot Finance

DECCAN CHRONICLE.
Published Aug 29, 2019, 5:44 am IST
Updated Aug 29, 2019, 5:44 am IST
Around 450 employees belonging to the CITU out of 3,000 workers of the company in the state have joined the strike.
Muthoot FinanceThe Muthoot Group having 5,200 branches countrywide has a Rs 2000-crore profit now.
 Muthoot FinanceThe Muthoot Group having 5,200 branches countrywide has a Rs 2000-crore profit now.

Thiruvananthapuram: The Muthoot Finance company of the Muthoot Group has been facing a strike for a week by a section of staff demanding revision of wages.

Around 450 employees belonging to the CITU out of 3,000 workers of the company in the state have joined the strike. A company official told reporters in Kochi on Wednesday that frequent strikes had hit the functioning of the branches for several days.

 

The Muthoot Group having 5,200 branches countrywide has a Rs 2000-crore profit now. Out of 950 branches in Kerala, 300 have been closed over the last three years.

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