Greaves Cotton Consolidates

over of administration; in the event, the mills concerned have become bottomless sinks for Government funds. Government itself has failed to provide good management for the mills taken over, treating them as a haven for favoured bureaucrats. If, despite this, the mills have been kept running, it is mainly because labour has generally accepted temporary or permanent cuts in wages, in other words, by an agreed breach of laws and contractual obligations and not by improvement in management efficiency.