TUs foresee huge loss of jobs, of govt's own making

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New Delhi, Oct 27 (UNI) Concerned over the loss of jobs in various sectors particularly in Textiles, airlines and IT sectors in the backdrop of the global economic meltdown, the central trade unions today resolved to begin a joint action, demanding that the UPA government abandon the path of "deregulation" of the financial sector to stave off the grave crisis.

Stating that the casual and contract workers would be the immediate sufferers, the AITUC, CITU, HMS and BMS said even Prime Minister Manmohan Singh had now admitted that sooner or later, the economy is bound to experience the pain of the financial crisis.

AITUC General Secretary Gurudas Dasgupta said ''the crisis would lead to a loss of at least ten lakh jobs in the country. The government is going in the wrong direciton. It is liberalising and infusing equity in the Stock market." Mr Dasgupta said,'' the government was hiding behind the US recession, while the truth is that the recession started much earlier. It failed to put in huge money in the productive sector which could create jobs and generate confidence in the market." Another AITUC leader D L Sachdev said,'' the recession had already started impacting various sectors mainly the small and medium industries and is bound to have effect on exports-oriented establishments as most of our exports are linked to the US and European countries. Recession in these countries is witnessed in loss of jobs, reduction in their incomes." Mr Sachdev said the immediate effect would be on the casual and contract workers employed in organised sector such as automobiles, engineering, garments and manufacturing sector.

He said though the Jet airways case got immediate attention from the government, the media and TUs, but reinstatement of workers had not reduced the crisis." So this is the time for TUs to dig deep into the effects pertaining to loss of jobs and the deepening of crisis in the near future." He said already in towns like Panipat, Moradabad, Ludhiana, hundreds of workers had been rendered jobless in the Textile sector on the plea that orders for more exports were not pouring in.

BMS General Secretary K Laxman Reddy stated that recession clearly showed that both the modes of capitalism and socialism had failed.

" Now we must look towards the third way." When pointed out about the mixed economy, Mr Reddy said, "Yes why not? the mode of economy should be based on the local conditions.

The same model of development can not be applied everywhere. We prefer to call this the Swadeshi model of economy." He said in the IT sector while as many as 3000 jobs had already been lost, another 5000 workers who had been selected were yet to join.

The BMS executive is meeting on November 17-18 to discuss the whole issue and find ways and means on a joint action by all the TUs.

CITU National Secretary Tapan Sen claimed that the Left's pressure on the government worked. He said if the Stock market was allowed to use the pension funds, lakhs of employees would have suffered. Besides if insurance companies were allowed 74 per cent of foreign equity, the impact would have been disastrous.

HMS leader R A Mittal said,'' about 60 per cent of the total workforce in the automobile sector is made up of casual workers and temporary workers. Just 2,00,000 are deemed as permanent employees.'' Mr Sen, while demanding more investment in infrastructure, agriculture and industry, which he called the real economy, pleaded for " total deregulation in financial sector." UNI KSA RP DS1623

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