17 Jul 2019 | 6:49 AM

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COMPANYNEWS
Mirc Electronics 166 employees resign voluntarily
  MIRC Electronics Ltd. | 16 Jul 2019 | 04:01 PM
Published on 09-30-2016
Mirc Electronics Ltd an electronics and consumer durables company on Friday said as per the company’s agreement with the workers union 166 permanent workers of the company have voluntarily resigned from the company and compensation as per the aforesaid agreement has been paid to them by the company.


In a filing to the Bombay Stock Exchange the company said “Pursuant to the said agreement 166 permanent workers of the company have voluntarily resigned from the company and compensation as per the aforesaid agreement has been paid to them by the company.”


The company said it has executed an agreement dated September 13 2016 with the union of workers in the factory of the company situated at Wada Village Kudus Bhiwandi Wada Road district Palghar for the purpose of cost optimization and effective utilization of resources.


Meanwhile shares of the company were trading at Rs 12.71 apiece up 2.91 per cent from previous close on BSE at 13:11 hours.