Settlement Machinery in Public & Private Enterprises in Kerala

Industrial relations play a crucial role in establishing and maintaining industrial democracy. But, modern industrialisation has created a yawning gulf between employers and workers because of the absence of worker's ownership over the means of production. The resultant industrial conflicts ultimately led to work stoppages in the shape of strikes and lockouts affecting both to the stock holders and stake-holders. An amicable and early settlement of industrial disputes is very necessary for the continuous development and smooth functioning of industrial activity. A fair and independent machinery for the peaceful settlement of industrial disputes is a pre-requisite for the establishment of good industrial relations, argues the author.