The annual report of the International Institute for Labour Studies projects a grim future for employment prospects. WITH the United States and much of Europe grappling with the slowdown in their economies and the resultant social unrest, the publication of the World of Work Report 2011: Making Markets Work for Jobs could not have come at a more opportune moment. Brought out by the International Institute for Labour Studies, which was...

-The Economic Times   The key faces behind the recent Labour Unrest at Maruti Suzuki that cost India's largest carmaker Rs 1,600 crore in lost revenues have quietly resigned from the company, pocketing payouts worth several lakh and leaving their one-time comrades both dazed and angry. By Wednesday, 30 suspended workers at Maruti's Manesar plant, including their two leaders Sonu Gujjar and Shiv Kumar, had quit the company, taking home amounts ranging between...

To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...

Coming months ‘crucial' The International Labour Organisation has warned that a jobs crisis caused by the slowdown in the global economy threatens a wave of widespread social unrest engulfing both rich and poor countries. Highlighting the darkening prospects for employment, the Geneva-based ILO said policymakers were running out of time to head off a double-dip recession in labour markets. “We have reached the moment of truth,” said Raymond Torres, director of the...

Management agrees to set up two panels at Manesar plant The 14-day-long strike by workers of Maruti Suzuki India Limited's Manesar plant in which workers of Suzuki Powertrain India Limited and Suzuki Motorcycle India Private Limited joined, was called off in the early hours of Friday after the managements, the workers and the Haryana government arrived at separate tripartite agreements. Unrest had been festering at the Manesar plant since June, hampering car...