ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BANKING- Equity in Reverse

February 18, 1984 is, however, the strike in the West Bengal mills that matters. At its Jamshedpur conference in December the CITU working committee adopted a resolution appealing to all unions to demonstrate their solidarity in support of the jute workers' indefinite strike. A few concilia- tion meetings were held, without any result. The State Labour Minister too convened a tripartite conference, at which a former chairman of the IJMA reportedly made an eloquent speech highlighting, the need for modernisation of the jute industry and its inevitable consequences in terms of annihilation of jobs. The industry has a plan to introduce new machines to be marketed shortly by Lagan Jute Machinery, a Government of India enterprise, which would mean further reduction in the strength of the labour force.

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