India Inc needs good social security system: Van der Pas

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Mumbai, Dec 24 (UNI) Globalisation will benefit workers and the economy, if social security system like education and minimum pay is in place, according to European Union Employment, Social Affairs and Equal Opportunities Director-General Nikolas Van der Pas.

Addressing top Labour Ministry and state officials at a seminar -- ''Social Agenda for Globalised Economy'' -- today, Mr Van der Pas acknowledged the fact that the benefits of India's economic growth are not reaching the common men and stressed on developing the social system.

Comparing the socio-economic systems of the European Union (EU) and India, Mr Van der Pas said ''Though Europe is now a multi-cultural entity, unlike India, EU members invest more on social security and education which pays off in the long run, with one additional year of education translating to a six per cent increase in productivity of an individual towards the national output.'' On security of workers, Mr Van der Pas said that unless there is a clear cut legislation, the issue should be negotiated between unions and management.

''A worker will have to adapt to changes. The best way is lifelong learning,'' he added.

Taking Denmark as an example, he said that the Indian Government can offer work security, not job security to workers and build a system that ploughs the unemployed back into the job market.

The seminar was organised by All India Manufacturing Organization (AIMO) and the Indian Trade Union Congress (INTUC).

UNI

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