The company has also agreed to open all of their 611 branches in Kerala,” he said.
Police said that the killing resulted from a failed conspiracy to rob the company’s gold from its vault.
The Division Bench order came on a petition from the management seeking a directive to the Labour and Rehabilitation Secretary and Labour Commissioner to hold an effective conciliatory meeting.
Muthoot Finance will approach the Supreme Court seeking protection by central paramilitary forces for its employees and offices if the state police continue their apathy.
The Muthoot Finance chairman was visibly agitated while describing the police apathy and other challenges faced by his organisation.
A Division Bench of the Kerala High Court on Thursday directed the state police to intervene if the employees of 10 Muthoot Finance branches, who are willing to work, are stopped from attending duty.
Labour Minister T P Ramakrishnan has asked the Muthoot Finance management to reconsider its negative attitude towards the genuine demands of employees.
The employees inside the branch were released after police officers returned to the scene.
The court’s verdict came on September 5 in a petition filed by a few employees to have a safe and secure environment for the non-protesting staffs during the indefinite strike called by CITU workers.
According to him, the board of directors took the decision and the company has approached the Reserve Bank of India (RBI) seeking permission to wind up the branches.
Militant trade union activities, which had forced many industrial units to close down in Kerala in the past, have reared their ugly head once again when Muthoot Finance’s branches were not allowed to
Kerala has a long history of militant trade unionism tarnishing its image as an investment destination of choice for companies.
Ultimately these are hard bargaining tactics and the final outcome will depend on how much each party has to gain or lose from their actions.
The Muthoot exit fiasco notwithstanding, the state government is going steadfast in its resolve to showcase the state as an investment-friendly destination.
Asks cops to ensure willing staff of the firm’s branches in Kottayam, Ernakulam are allowed to enter offices and work is not obstructed