Toyota Motor Corp's Indian unit said on Thursday it had suspended some workers for misconduct at its domestic plants, which have been closed since Sunday over a pay dispute. The factories near the southern city of Bangalore are Toyota Motor's only vehicle plants in the world's sixth-biggest auto market, where the Japanese manufacturer generates just a sliver of global sales."A decision to suspend some of the members pending inquiry, for serious misconduct, was taken earlier in the week. This is in line with the company's rules and regulations," the company said in a statement.It did not say how many workers were suspended.On Sunday, Toyota Kirloskar Motor (TKM), the world's biggest car maker's Indian unit, said some workers had disrupted business as the management, labour union and local government negotiated wages.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM fell by 1.05% or $-1.15/share to $108.68. In the past year, the shares have traded as low as $99.70 and as high as $134.94. On average, 408330 shares of TM exchange hands on a given day and today's volume is recorded at 513398.
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