Posted:
Fewer than a thousand people were retrenched across all of India in 2006 - the latest year for which the labour ministry has statistics. Since 2003, there has been no year in which the number crossed 3,000. In an organised sector that employs 30-40 million people, these are amazing statistics - a retrenchment rate of less than 1 in 10,000, if the statistics can be relied on. The reality could well be that people are laid off without the government getting to know.
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