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LATEST NEWS UPDATES | Their factories paused, owners send workers to line up for new notes -Sarah Hafeez

Their factories paused, owners send workers to line up for new notes -Sarah Hafeez

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published Published on Nov 17, 2016   modified Modified on Nov 17, 2016
-The Indian Express

While owners say production has been hit as a result of people skipping work to withdraw money or exchange old notes, workers say they have been doing it for their owners.

New Delhi: SINCE THE November 8 announcement that rendered old Rs 500 and Rs 1,000 notes invalid, workers of factories in the industrial suburbs of the national capital have been spending more time queuing up outside ATMs and bank branches than on the shop floor.

While owners say production has been hit as a result of people skipping work to withdraw money or exchange old notes, workers say they have been doing it for their owners.

Devinder Singh, president, Mayapuri Industrial Welfare Association, said production had “decreased by 50 percent and demand has fallen as well” since the announcement. “At least half the workers in each of the roughly 1,800 factory units of Mayapuri have been lining up outside banks because they have no money for food and essentials. So we are letting them stay away from work for as long as they need to,” he said.

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The Indian Express, 17 November, 2016, http://indianexpress.com/article/india/india-news-india/demonetisation-delhi-workers-money-exchange-new-notes-low-production-4379665/


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