First the strike by such critical public enterprises must not happen, like railways they are critical and lifeline to the country. Power plants are being shut, Fertilizers plants are getting affected, Aviation is being affected, People are waiting for long at Petrol pumps -the impact if calculated properly on the economy would run in a few thousand crores and it is a direct loss to the economy.
It is the failure of the petroleum secretary and the heads of the PSU for not understanding their people and not making them understand the policy of the government. The issue will get resolved and there is a great possibility of that the government revises their wages. The PM is now in picture and that will help matters get resolved.
I feel if the government does it, it will be a disaster as the authority of the government gets undermined. I personally feel if government feels they are correct in all respects then the government should get the employees back to work and then discuss matters, if employees are not willing to do this they should sack all the employees and call the defense and use their senior executives to run the show. This may result in short term difficulties but will set an example for any further strikes by PSU's that handle critical industries. If government feels they were wrong they should revisit their wages and settle the issue.
About Siddhartha Shankar
In the last 12 years, Mr. Siddhartha Shankar has established himself as a master in tackling financial hurdles for his clients. His expertise is to structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets. Many national and international corporate houses still seek his opinion. He has been involved with the marketing systems of Google, Yahoo and other search engines to achieve the maximum effectiveness of their campaigns. His expertise lies in Product Conceptualization, Web-based marketing of Products.
