Pfizer Ltd, the Indian unit of U.S. drugmaker Pfizer Inc, said on Friday it locked out staff at its Mumbai drug factory after some employees tried to disrupt production lines and threatened management. The lockout at the Thane plant, which employs 212 people, would have no impact on the group's supply of medicines, a Pfizer Ltd spokesman said in a statement emailed to Reuters.Work would not resume at the factory until it was assured of the safety of all staff, the statement said, without saying why the unrest had occurred. Nor did it give details on the threats or attempts at disruption it had cited."There have been multiple incidents of indiscipline, threats to our management personnel as well as attempts to disrupt production lines by certain workmen," the statement said.Apart from the Thane plant, Pfizer Ltd also owns one other drug factory in India in the western state of Goa.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE traded higher by 0.56% or $0.16/share to $28.86. In the past year, the shares have traded as low as $27.76 and as high as $32.96. On average, 26591300 shares of PFE exchange hands on a given day and today's volume is recorded at 2212351.
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