Financial Daily from THE HINDU group of publications
Saturday, Jun 08, 2002

Port Info

Group Sites

Industry & Economy - Manpower

23 pc rise in retrenchments during '99

Our Bureau


RETRENCHMENT of workers witnessed more than 23 per cent increase during 1999 over the previous year. In its latest all-India survey, the Labour Bureau of the Ministry of Labour has said that 176 units resorted to retrenchments during 1999, affecting 2,503 workers.

This is 30.37 per cent more than the number of units affected by retrenchment in 1998. The maximum number of units going in for retrenchments was from the manufacturing sector. Forty per cent of the affected units went in for the retrenchments due to lack of demand for their products. The causes for remaining retrenchments were `financial stringency', shortage of raw materials etc.

The units in the private sector accounted for a maximum of 73.7 per cent retrenchments while 23.4 per cent of such units belonged to the public sector and 3.2 per cent units to the cooperative sector. Only 9.6 per cent units were from the Central sector while the rest were from the State sector. Over 68 per cent units affecting retrenchment of workers were in Gujarat. These units also accounted for 49 per cent of total workers retrenched during the year.

Send this article to Friends by E-Mail

Stories in this Section
Dumping duty on graphite electrode imports imposed

UP annual Plan fixed at Rs 7,250 crore
India, Lanka open Nafta-type trade ties
Ethanol-blended petrol being tried out in Rajahmundry
Freight on imported crude likely to go up
AP declines to forgo share of Talcher power -- Offers to sell surplus to TN, Karnataka
DVC board meet to consider SBU proposal
Labour laws to be amended soon: Rana
SISI to conduct career counselling
DD to seek mandatory rights for major events
CII to expand ties with colleges in UAE
Quality index of engg colleges
NIFT-TEA institute ties up with Alagappa varsity
IIM-B's new PG course
Kerala: Medical exam results on Escotel
Jewellery design award finalist
23 pc rise in retrenchments during '99
IEEMA office in Bangalore
ADA official to resign
Aussie miner plans to invest $10 m in gold exploration
Fashion designing tech project for women SHGs
Seamen's PF board seeks relief package
Govt plans hygiene programme for rural regions
Kerala: Factory Rules to be amended
Thiruvananthapuram Engagements
Non-corporate tax payers can use old Saral form
Input-output norms notified for 16 new items
`Heritage' town leaves a lot to be desired in TN
AP-Goa tourism co-operation
`Decentralisation shifts axis of corruption'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line