Year: 2006
Type: article
Abstract: I n July 1999, the management of Escorts Ltd. and All Escorts Employee Union signed a historic collective bargaining agreement on wages and productivity.At that time, the agreement was in favour of the management of Escorts Ltd.But, subsequent events in the latter half of 1999 proved otherwise.The agreement turned in favour of the union.This led to a severe confrontation between the management and the union.The union declared a strike and the management terminated the services of many of the union members.The event took a violent turn and the district administration had to intervene. ESCORTS LIMITED: A BACKGROUNDThe Escorts Group, with Escorts Limited as its flagship company, is among India's leading corporations operating in the diverse fields of agri-machinery, telecommunications, healthcare, construction and material handling equipment, automotive and railway ancillaries, information technology, and financial services.The group has 12 modern manufacturing facilities and an extensive marketing network spread across the country.The genesis of Escorts goes back to 1944 when two brothers, H P Nanda and Yudi Nanda, launched a small agency house, Escorts Agents Ltd., in Lahore.Over the years, Escorts surged ahead and evolved into one of India's largest conglomerates.The foundation of Escorts Ltd. was laid in the formation of Escorts (Agents) Ltd. on October 17, 1944 and Escorts (Agriculture and Machines) Ltd. in 1948.The two were later merged in 1953 to form Escorts Agents Private Ltd.The company's incorporation in its present name -Escorts Ltd. -was effected on January 18, 1960.Having initially started as a franchisee for Westing House Domestic Appliances, Escorts has come a long way in manufacturing and marketing a range of products.It pioneered farm mechanization in India through import and distribution of agricultural tractors.The manufacturing operations commenced in 1954 and since then a range of new products has been introduced in the country (Annexure 1). Five Decades of Engineering Change The Decade of Creation: 1944-54The launch of Escorts Agents Ltd. in Lahore and setting it up again in Delhi after A Declining Market Mars a Historic Collective Bargaining Agreement: The Case of EscortsArun Kumar and N Meenakshi describes a real-life situation faced, a decision or action taken by an individual manager or by an organization at the strategic, functional or operational levels
Authors: Arun Kumar, N Meenakshi
Language: English
Topic: Labor Movements and Unions
Subfield: Industrial relations
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4239666604