The Industrial Truce resolution of 1947 required the management and the labor to come to an agreement to maintain industrial peace. It also required them to not …show more content…
The industrial truce resolution in 1947 and then in 1962 was enacted when the country as a whole was going through a difficult and tumultuous time. It required all the stakeholders to work together for the betterment of the nation and that is where this resolution stands out. It makes it mandatory for the employers and employees to ensure that the work does not stop due to strikes or lockouts and the production continues at the maximum levels.
From an industrial relations point of view, the Industrial Truce resolution of 1962 has helped and influenced the growth of collective bargaining. This is because now the resolution required the management and workers to resolve their disputes in a peaceful manner through mutual discussion, conciliation and voluntary arbitration. This provided the opportunity to the workers and trade unions to collectively bargain with the management which may have not been so easy without the resolution. Also the requirement of the work not stopping due to disputes, made the stakeholders work towards reaching a speedy and effective solution to the disputes. However, collective bargaining has not grown despite these measures due to the weak unions in India. The trade unions in India are plagued by inter and intra union rivalry, weak financial power and non-recognition from the