Worker participation
Sir, _ Mark D. Sadler (April 23) writes: “When banks lend to a company to help it to buy new plant and machinery the effort of most of the employees helps to pay off the loan. But when the loan has been repaid, the machinery, under the obsolete and suicidal conventions of our society, belongs solely to the proprietors or stockholders.” There have been many occasions when a company has, through no fault of the management, proprietors or stockholders, had to go into bankruptcy. The bank has not been repaid the loan, other debts are considerable and the loss of initial investment high. Through worker participation many a company could have carried on during a difficult period if union secretaries had not interfered and disagreed with an offer by employees to continue working with a reduced wage. Had the offer been accepted and the effort successful I am sure the company would suitably reward the employees. That is “worker participation.” — Yours, etc., H. BIRT. April 23, 1979.
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Press, 26 April 1979, Page 20
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168Worker participation Press, 26 April 1979, Page 20
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