Driving a wedge: How the pandemic increased the trust deficit between labour and industry
iStock
Synopsis
With factory units closing, economic activity at a halt, loss of jobs and many struggling to get home, the Covid shock strained relations further between labour and industry.
By Neha Dewan, ET Online
13 mins read, Last Updated:
When the nationwide lockdown was announced in the country in March, Prime Minister Narendra Modi had urged employers not to engage in any layoff exercise. But this, expectedly, was easier said than done.Faced with mounting pressures of shut units, overhead expenses, and no money to pay salaries or rent, employers had resorted to a slew of layoffs and salary revisions across the board. Workers and employees were distraught and pointed to the
To Read the Full Story, Become an ET Prime Member
Access the exclusive Economic Times stories, Editorial and Expert opinion
Already a Member? Sign In now
Why
Sharp Insight-rich, Indepth stories across 20+ sectors
Access the exclusive Economic Times stories, Editorial and Expert opinion
- Clean experience with
Minimal Ads - Comment & Engage with ET Prime community
- Exclusive invites to Virtual Events with Industry Leaders
- A trusted team of Journalists & Analysts who can best filter signal from noise