Workers at Batanagar went on a strike for two days following the incident. Commenting on the strike, Majumdar said: "The issue of Bata was much wider than that of the dismissal of three employees on grounds of indiscipline. Stoppage of recruitment and continuous farming out of jobs had been causing widespread resentment among employees for a long time...
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Senior vice-president and member of the executive committee, MJZ Mowla, said[1]: "We had chalked out a significant investment programme at Batanagar this year which was more than what was invested last year. However, that will all be postponed." The incident had opened a can of worms, said the company insiders...
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macroeconomics Of these full-time students, 44.3 percent were in the labor force, either working or looking for work, in October 2005. In contrast, 79.0 percent of part-time college students participated in the labor force...	2 / 370
unemployment Frictional unemployment arises because workers seeking jobs do not find them immediately. While looking for work they are counted as unemployed.3 This could happen if suppose a person loses a job, perhaps because the work is finished...	3 / 655
Unemployment Structural unemployment arises from an imbalance between the kinds of workers wanted by employers and the kinds of workers looking for jobs. The imbalances may be caused by inadequacy in skills, location, or personal characteristics...	3 / 623
Business Cycles Structural unemployment is due to changes in the structure of demand for labor, ex. When certain skills become obsolete or geographic distribution of jobs changes...	3 / 613