Reddy: Industry must share profit with workers | india | Hindustan Times
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Reddy: Industry must share profit with workers

india Updated: Nov 14, 2006 17:56 IST
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IN THE regime of economic liberalisation, Indian workers have to compete with their competitors at international level. That is why the trade unions have to change their approach in the larger interest of the country, industry and workers, said Indian National Trade Union Congress (INTUC) national president Dr G Sanjeeva Reddy today.

While addressing the State executive committee of INTUC here at Piplani Community Hall, the veteran trade union leader advocated that the industries running in profit should give share in profit to workers besides giving them bonus. He lamented that multinational companies which were announcing huge profits year after year had not been giving any bonus to the workers on the plea that the profit was within the ceiling.

He urged the government to waive the ceiling and ensure that workers got their due. In fact, workers should be made partners in the companies by allotting shares so that they shared profit and loss.

About 40 per cent of the people are workers but their representation in political parties is negligible, he said, adding that political parties should seriously consider this issue.   

Speaking on the occasion, State INTUC president R D Tripathi said that existing industries in Madhya Pradesh were in a bad shape and the new industries were being established only on papers.

He said exploitation of workers in the State was increasing due to this phenomenon and the urgent need was to organise workers of unorganised sector and to create awareness among them. He also stressed on completely banning child labour in the State.

During the State executive meeting, a resolution was also passed demanding guarantee of work to workers of unorganised sector and creation of self-employment scheme. All facilities given to the workers of organised sector should be given to those working in unorganised sector, the INTUC resolution said.

INTUC leaders unanimously demanded an end to ceiling while paying bonus and to provide facilities of regular workers to contract workers, and introduction of new pension scheme. 

Former minister and senior trade union leader Tarachand Viyogi and K S Verma also expressed their views. About 200 INTUC representatives from across the State participated in the meeting. Earlier, Dr Reddy inaugurated the programme by lighting the traditional lamp. State INTUC general secretary Shyamsunder Yadav conducted the programme and secretary B D Gautam proposed the vote of thanks.