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RE: One Picture One Story: The Past Glory
I clearly remember the old golden days because it was my first major assignment which gave me name and fame. But I also remember the greedy union leaders who tried to blackmail the management who elected to close the factory rather than giving up to their unjust demand.
Imagine if a company like this had gone multinational by now. Sadly, greed and jealousy among some corrupt leaders prevented it. This is the situation in most companies here in Nigeria. Hmm, what can I say but that better days are ahead.
True, the trade unions in the name communism did a lot of harm to industry in India in last century although they have lost their ground in our current leadership. The owners of Modi Rubber sold their major shares to Continental of Germany. The factory is still operative but on a limited scale.
Selling a major stake to Continental then was surely a survival strategy rather than a choice. It’s good to know the factory is still operating, even at a reduced scale; it shows resilience despite past setbacks.
I feel that the shift in today’s industrial and policy environment seems more focused on balance; yes protecting workers while encouraging business growth. Let’s hope this will leads to more sustainable outcomes going forward.