Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Indian shops pillaged as security guards go on strike
02-10-2009, 09:51 AM
Post: #1
Indian shops pillaged as security guards go on strike
NEW DELHI: Hundreds of shops belonging to India’s biggest discount retailer were ransacked after security guards refused to report for work as they had not been paid, the company’s chief said on Monday.

Subhiksha Trading Services has been hit by the economic downturn and is unable to pay staff due to the “non-availability of bank credit,” managing director R Subramanian told AFP. “Around 600 of our stores have been targeted by unidentified elements and there has been large-scale ransacking,” he said. “The company seems unable to protect its properties as due to non-payments to security agencies and staff.”

Subramanian declined to speculate on who was behind the attacks. Outlets in the capital New Delhi and in the western cities of Nashik and Ahmedabad were among those ransacked last week.

In a statement emailed to AFP, the company said its staff was “fed up with non-payment of salaries for four months.” Subhiksha’s operations have ground to a halt as it has not been able to access funds for more than six months and has defaulted on rent, vendor and salary payments, it added.

http://www.thenews.com.pk/daily_detail.asp?id=161682
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Application Deadline Announced for Shops in Lahores Grand Souq CBD LRE-Azan 0 595 11-18-2023 04:12 PM
Last Post: LRE-Azan
  Better security, more investment in development to help real estate Salman 0 4,972 03-17-2014 01:32 PM
Last Post: Salman
  Lahore : Crackdown – 146 Shops Demolished Salman 0 4,664 02-19-2014 04:38 PM
Last Post: Salman
  LDA to auction 15 shops of Moon Market plaza on 16th Salman 0 5,758 12-09-2013 02:22 PM
Last Post: Salman
  Punjab & China strike deals on energy Salman 0 6,141 12-06-2013 02:24 PM
Last Post: Salman
  20 Shops Demolished For The Non-Payment Of Commercialization Fee Salman 0 11,709 11-01-2013 06:48 PM
Last Post: Salman
  LDA shops auctioned Salman 0 3,916 02-15-2013 12:52 PM
Last Post: Salman
  Illegally built shops, rooms demolished Salman 0 6,195 11-17-2012 01:29 PM
Last Post: Salman
  Auctions of Liberty Park shops today Salman 0 4,405 05-15-2012 02:14 PM
Last Post: Salman
  Open auction of 54 shops at Liberty Plaza Salman 0 4,685 05-14-2012 12:45 PM
Last Post: Salman
  Liberty Park and RideL: Plaza Arrangements finalised for auction of 54 shops Salman 0 4,661 05-08-2012 03:12 PM
Last Post: Salman
  Liberty Park and RideL: Plaza Arrangements finalised for auction of 54 shops Salman 0 4,382 05-07-2012 03:52 PM
Last Post: Salman
  6 illegally constructed shops demolished Salman 0 4,858 05-05-2012 12:18 PM
Last Post: Salman
  Flats, shops to be constructed Salman 0 4,461 01-10-2012 12:37 PM
Last Post: Salman
  Lahore Property News : Public Auction of Commercial Shops at Jail Road Salman 0 5,299 11-14-2011 12:03 PM
Last Post: Salman
  TATA & Infosys strike deal Lahore_Real_Estate 0 4,200 04-18-2011 12:49 PM
Last Post: Lahore_Real_Estate
  13 shops auctioned in Park & Ride Plaza Lahore_Real_Estate 0 3,421 01-27-2011 02:50 PM
Last Post: Lahore_Real_Estate
  indian extremists, indian army & WikiLeaks LRE 1 6,568 12-17-2010 06:44 PM
Last Post: LRE
  Punjab colleges observe complete strike Lahore_Real_Estate 0 3,541 12-13-2010 01:16 PM
Last Post: Lahore_Real_Estate
  UAE investors assured of security in Punjab Lahore_Real_Estate 0 3,473 12-13-2010 01:12 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: