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Public enterprise reorganization in India: the content, process and the internal labor markets

Reguri, Ram R. and Venkataiah, K. (2006) Public enterprise reorganization in India: the content, process and the internal labor markets. Kakatiya Business Review, 3 (1). pp. 133-154. ISSN 0971-4498

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Abstract

Enterprise reorganization is a relevant intervention for public enterprises, as it for private ones in the context of ever increasing global competition and changing technology. The paper examines the public enterprise reorganization in India from a wider social perspective. It covers the aspects like the dynamics of public sector reforms, reorganization strategies adopted, roles of stakeholders in the process, the nature of the firm specific internal labor market adjustments and the implications of reforms for the employees, trade unions, and the wider society and economy. The paper observes that the basic premise of the public enterprise reorganization program in India is the State minimalism in tune with the market economists. As a result, the reorganization strategies adopted were lopsided focussing heavily on the closures, assets sale, and privatization and in the HRM front on labor shedding, casualization and contractualization. Since the State had lost grip on the economic decisions due to the loan conditions, it has ignored the stakeholders concerns and implemented the program as a conspiracy. The reorganization program has demoralized and disbanded the united front of the working class as well as dismantled the economic base of the millions of poor families.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Business and Economics (FBE) > School of Management and Public Administration
Depositing User: Ms Neha Harakh
Date Deposited: 17 Mar 2006 10:56
Last Modified: 14 May 2012 17:16
URI: http://repository.usp.ac.fj/id/eprint/3954
UNSPECIFIED

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