Term Paper
Labour Issues
Submitted by
Marks
15
Student Signature
Date:
Faculty Signature
Abstract:
This term paper is about a Premier Instruments & Controls Ltd. (PRICOL) and also
consists of the diastral incident which took place in plant-II in Kuniyamathur, Coimbatore.
22.09.2009 was a bad day for the HR manager who was attacked by the workers with the iron
rod; he lost his life due to serious head injuries. Reaction and response of the Government
and other industrialists in Coimbatore for the incident are enlightened in this paper. The
research methodology is desk research. The paper concludes with the questions raised by the
industrial experts relating this incident to the impact of the society. Finally such industrial
disputes can be put to an end by few suggestions mentioned in this paper.
Introduction:
PRICOL Limited (formerly known as Premier Instruments & Controls Ltd) was
established in 1974 at Coimbatore in Tamil Nadu, and commenced manufacturing operations
in 1975 in the precision engineering field of automotive instruments. Today, PRICOL is the
market leader enjoying about 53% of the automotive instruments market share. Denso
Corporation, Japan is the Joint Venture Partner with PRICOL since 1997.
The company is engaged in the manufacture and export of a complete range of
automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil
pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.
The other group companies English Tools, PRICOL Travels, PRICOL
Technologies, PRICOL Packing Limited, PRICOL Cargo, Xenos Technologies, PRICOL
Properties Limited, PRICOL Corporate Services Ltd, Synoro Technologies, PRICOL
Academy of Excellence, PRICOL Software, Carcerano PRICOLtech, Ananya Innovations
and PRICOL Holdings Limited.
Sintered Components.
PRICOL
workers
have
been agita
ting
for
two
over
years against the hiring of contract workers and on the non-payment of pay and other
benefits. The firm has said these strikes have high profitability and they could shift base.
Conclusion:
The experts have raised questions after the PRICOL incident 22 September 2009.
Do such unfortunate situations brought about by labour practices?
Court rulings in India have made it clear the right to life includes the right to practice a
dignified livelihood. Do arbitrary hiring and firing practices run counter to this?
And are these made harsher by the slump in the automobile industry, which has forced firms
to cut production and reduce the number of workdays per week?
Did the PRICOL incident come about due to criminal elements or was it an outcome of
frustration with the course of peaceful agitation?
And would such incidents scare away investors into the state and the country?
Suggestions:
Labours and employees are the Real Assets of the Frim
As the Executives we should treat our Assets from Depreciation such as Industrial
dispute by following the norms of Factories Act 1948 and Labours Welfare Measures.