JK Paper Ltd announced today that the strike at its strategic CPM unit has finally come to an end, with all workers returning to work. The quick resolution is a return to normalcy and seamless production at one of the company's largest facilities.
Key Highlights:
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Strike Concluded: The strike at JK Paper's CPM unit has been suspended, after successful talks between management and union representatives.
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Employees Back to Work: All staff have returned to work, restoring full operational capacity and limiting disruption to the company's production schedules.
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Business Continuity: The resolution of the strike guarantees supply chains to customers and reconfirms stakeholders, protecting both revenue momentum and customer commitments.
Leadership Statement:
A spokesperson for JK Paper stated,
We appreciate the cooperation of our employees and are happy to have arrived at a peaceful resolution. Regular operations have resumed and we are committed to fulfilling our promises."
Outlook:
With the CPM unit returning to work, JK Paper will be able to continue uninterrupted production and meet market demand as before.
Source: Company announcement, stock exchange filings, April 18, 2025.