Growing joblessness in the country

Submitted by cgpiadmin on Wed, 31/05/2017 - 17:17

The India Exclusion Report 2016, released by the New Delhi-based Centre for Equity Studies (CES) on 12th May 2017, citing Labour Ministry Data, says that says that employment creation in 2015 plummeted to 135,000 jobs compared to 930,000 in 2011. Even worse, existing jobs, especially in the IT sector, are being lost as thousands of workers were laid off in 2016, and the trend is set to continue this year. In recent months, more than 20,000 workers from large IT firms such as Cognizant, Wipro, Infosys, Tech Mahindra and Capgemini have been put on notice and could be fired any time. More than two lakh jobs are at stake due to increasing digitization and redundancy of existing technologies.

Declining number of new jobs created

 

The IT monopolies which are laying off their employees do not want to admit that this is a fact and some are even denying that there are unprecedented layoffs, as they do not want to take any responsibility for this condition. They do not want to concede that their profit margins are under pressure and hence they are forced to cut down on their staff in order to survive in a fiercely competitive market. Instead, they are covering up the situation by saying that it is based on ‘performance appraisal’ and in the interest of ‘rationalization’. A majority of the IT professionals who have been asked to leave have more than 10-20 years of experience and include mid and senior level professionals. At the same time, this situation has not stopped those in the top management from drawing professional fees in crores per month.

The issue of job losses goes beyond the IT sector as well due to several factors such as movement of capital from India to countries like Philippines where wages are lower than here, cut back in exports of services due to decline in global trade and the fact that sectors with substantive share in employment – agriculture, construction and manufacturing – have been lagging in growth. India also has the largest number of young people in the world, adding nearly 10 million new workers to the workforce annually.

This spate of layoffs only exposes the ruthless and profit-oriented nature of the capitalist system which hires and fires workers with impunity. The monopolies and big corporations want no constraints in being able to do this and they are ensuring that they are legally protected through reform of existing labour laws in all sectors that will allow them to increasingly hire people on a contract or a fixed term basis.

This is a grave situation for workers who are seeking jobs as well as for those who are employed – all face a risky and uncertain future. The response of the working class must be to increasingly organize as one united force to fight for the right and security to livelihood.

Tag:   

Share Everywhere

job cuts    IT Sector    Jun 1-15 2017    Struggle for Rights    Economy     2017   

PARTY DOCUMENTS

Click to Download PDFThe first part of this pamphlet is an analysis of facts and phenomena to identify and expose the real aims behind the Note Ban. The second part is devoted to a critical appraisal of the government’s claims that it will reduce inequality, corruption and terrorism. The third part is what Communist Ghadar Party believes is the real solution to these problems and the immediate program of action towards that solution.

(Click thumbnail to download PDF)

These Elections are a FarceInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

(Click thumbnail to download PDF)

Click to Download PDFInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India

by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

(Click thumbnail to download PDF)

History of Ghadar PartyA Presentation of Communist Ghadar Party of India

100 years ago Ghadar Party was formed by Indians in the US.It was historic milestone in our anti-colonial struggle.

The goal of this party was to organise a revolution to liberate our motherland from British servitude and establish a free and independent India with equal rights for all. It believed this to be the necessary condition for our people to hold their heads high anywhere in the world.

(Click thumbnail to download PDF)

Call of the Central Committee of Communist Ghadar Party of India, 30th August, 2012

Working class representatives from all over the country are gathering on 4th September, at a time when a titanic struggle is going on in our country. The struggle is between the majority of toiling and exploited people and a minority of exploiters. It is between the majority whose labour expands wealth and the minority who enjoy the fruits of wealth creation on the basis of their private property and positions of power.

(Click thumbnail to download PDF)

Call to the Working ClassDefeat the program of privatisation and liberalisation!

Fight with the aim of establishing workers’ and peasants’ rule!

Call of the Central Committee, Communist Ghadar Party, 23 February, 2012

(Click thumbnail to download PDF)