Unionization- Determinants, Trends & Challenges
From Current Affairs Notes for UPSC » Editorials & In-depths » This topic
The recent retrenchments have triggered significant changes in the labour markets. One consequence of these changes is the birth of unionization, even in the non-traditional sectors like IT.
What are labour unions?
- Labour union or trade union is an organized group of workers striving for fairness in pay, working environment, hours, benefits, etc. It acts as a link between the management and the workers.
- The Trade Unions Act of 1926 is the principal law governing trade unions in India.
- While these unions have been a salient feature of pre-liberalization industrial market, their relevance has been declining as the labour market is undergoing dramatic changes in the re
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