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The Prime Minister has held a high-level meeting to work out measures to mitigate the impact of the global financial crisis, particularly on the increasing ‘lay-offs’ in the industrial sector.

There is lot of concern among high-paid IT workers and people in the financial sector. Even more distressing is the trickle-down impact of the ‘lay-offs’ which will affect the poor contract workers and daily-wage earners, who have no safety net. A less hurting and immediate plan would be to offer workers a ‘three-day week’ instead of complete lay offs.

V. S. Venkatavaradan Salem

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