IFTU to finalise strategies against privatisation

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Jalandhar, Nov 24 (UNI) Expressing concern over the on-going global economic crisis and its effect on Indian economy, the members of Indian Federation of Trade Unions (IFTU) today pledged to finalise their strategies against privatisation and globalisation.

Around 300 delegates of IFTU from all over the country today participated in the general council meeting of IFTU here today to prepare a comprehensive strategy against the government's policies of privatisation and globalisation.

"Present economic meltdown in the world economy is due to policies of privatisation and the union government is favouring these policies whole heartedly, which would definately worsen the economic crisis in the country," IFTU president Paltu Sen said in the meeting.

"The effect of the polices of the government could be seen from recent retrenchment in multi-national companies (MNCs) like Jet Airways and Indian Airlines, although with government pressure the process was slowed down but end result would be bad as MNCs have to retrench their thousands of employees because of ongoing global meltdown," he said.

He showed apprehension that more than five lakh employees of textile industry would be jobless due to current economic crises as 30 mills of National Textile Corporation (NTC) are running at huge losses.

UNI XC PS BP1926

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