Privatisation and Labour RestructuringComparing cases in Sri Lanka and India, this study looks at the negative social implications of privatizing state-run industries. The book praises the significant increases in efficiency brought about by privatization around the globe, but warns that in poor countries many workers are forced into impoverishment, causing their leaders to question the wisdom of continuing with such efforts. Requiring private companies to add social initiatives is one solution, and these case studies show how joint initiatives between business and government have succeeded in restructuring the labor force, increasing transparency, and providing a social safety net. |
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100 per cent agreement Annexure BALCO benefits BIFR Chhattisgarh Colombo company's competition Contd Corporation cost crore CSCL Delhi Disinvestment Commission Divestiture dividend Economic employment ensure equity ESOP funds Golden Handshake Government of India government's HANJUNG implementation improvement increased institutions International investment investors IPCL issues labour restructuring lakh loans Loha loss manufacturing MFIL million Ministry of Disinvestment modernisation Nagothane number of employees offered operating option Paradeep payment performance period Plantations Ltd prior to privatisation private sector privatisation process privatisation programme privatised enterprises production profit PSES PSUs public enterprises public sector enterprises purchase realised recommended redeployment reduced redundancy Report result retraining retrenched workers salary shareholders shares per employee social SOES sold Sri Lanka Telecom strategic sale surplus labour Termination of Employment trade unions transfer undertaking units Voluntary Retirement Scheme VSNL wage workmen World Bank