India Inc seems to be witnessing improved relations with workers as the number of strikes and lockouts dropped by a whopping 34 per cent in 2007, even as West Bengal and Tamil Nadu continued to top the labour issues chart. According to the Economic Survey, the number of strikes and lockouts taken together was down by 33.72 per cent during 2007 as compared to 2006, based on provisional data.
In 2007, the total number of strikes and lockouts stood at 285 amounting to loss of 5.64 million man-days. In 2006, these figures were 430 and 20.32 million respectively.
The number of strikes in 2007 was 143, accounting for the loss of 2.20 million mandays, while 143 lockouts resulted in 3.43 million lost man-days.
In 2006, the number of strikes were 243 with 5.32 million man-days lost, while lockouts were 187 with loss of 15.01 million man-days.
The survey said that till November 2007, West Bengal had the maximum number of strikes followed by Tamil Nadu and Gujarat.
The industrial disturbances were concentrated mainly in textiles, financial intermediaries (excluding insurance and pension fund), engineering and chemical industries.
In terms of industrial sickness, the Survey said so far the Board for Industrial and Financial Reconstruction has received 7,158 references under the Sick Industrial Companies (Special Provisions Act) SICA 1985.
These references include 297 of central and state public sector undertakings. A total of 1,337 companies were recommended for winding up, the Survey said.
Economic Survey 2007-08: Complete Coverage
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