Tag Archives: Economic Survey 2008-09

Job Losses: A Reality Check

The right to work involves just and fair condition of employment, and also, protection against unemployment. It also entails access to employment without discrimination and a supportive structure that aids access, including appropriate and free choice, skill building and vocational education. However, the economic survey 2008-09 and the union budget 2009-10 demonstrate how the burning issue of job losses – retrenchment, lay off, redundancy – in times of global financial crisis and economic slowdown, are perhaps the least understood of the economic, social and political concerns. There are clear evidences that the job losses have worsened in many sectors in the recent past, posing a threat to the overall inclusive growth prospects, and are a challenge to continue successful poverty reduction efforts. Job insecurity in the country is on the rise and an expected decline in growth and investment is likely to exacerbate this problem. It is critically important to recognize the issue, and build a political will to tame anti-labour atmosphere and practices. Supportive structures should come with innovative policies and programmes. Continue reading Job Losses: A Reality Check