Ownership : Overcoming Indifference

Abstract

With market opening up for imported coal in the new liberalized regime, Singareni collieries could, no longer pass on its inefficiencies to the customers in terms of increased prices. It was faced with mounting losses. Even as the company was referred to thr board of industrial and financial restructuring (BIFR) and confronted the grave threat of imminent closure the mine workers made no effort to acert the decline. In fact, catcall strikes at the mines were on the rise.