Eastern Co. back at full capacity after accepting pay raise demand

Eastern Company operations back at full capacity after partially bowing to labor demands: Eastern Company’s facilities have resumed full-capacity operations, the state-owned tobacco producer said in a regulatory filing (pdf) on Tuesday, after reportedly agreeing to give striking workers higher bonuses. The workers launched a strike earlier this week, demanding bonuses equivalent to 25 months of pay, instead of 24. The company agreed to the workers’ demand on Tuesday after meeting with union representatives and concerned government officials, CEO Hany Aman told Enterprise. Eastern Company shares were down 4% on Wednesday in response to the strike, but sales remained unaffected as the company relied on its reserve output.