Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday, 16 December 1979

THE NIGHTMARE YEAR

Synopsis: Communication For Productivity
Letters written to some 7500 Workers / Managers / Union Leaders, following a period of strike / Go slow / Murders (1979 - 1987), at Mumbai factory of Larsen & Toubro Ltd. This direct / open / honest communication led to a remarkable atmosphere of trust between Workers and Management, which, in turn, increased productivity at 3% per year (ave).

16 Dec 1979

To:

Dear friends

THE NIGHTMARE YEAR
The year 1979 is drawing to a close.
It has been a bad year so far.  What  little is left does not appear all  that cheerful.   The future looks  as bleak  as a Hindi film does around interval!  (except that in the case of a  Hindi film, your  eight-year old  can  predict  'The HAPPY End' rather accurately !)
We  have seen  some  bad years  before.  What  is  so special about 1979?

FIRST:
The Management  and the  Union signed  a 4-year  Agreement in January 1979, that gave  an average wage-rise of over  Rs 200 per month  to the  workmen, resulting  in a  recurring annual expenditure of  Rs 125  lakhs.  Then  there was  the one-time lump sum payment of Rs 90 lakhs.
Now there is  nothing basically  'wrong' in such a  big wage-increase, if  it were  to be neutralised  by a  corresponding improvement  in the  labour-productivity  as incorporated  in the Agreement.  Not only  labour-productivity remained at the same level throughout the year, it went down in some shops !!
This is what makes 1979, a 'bad' year !

SECOND
The labour-cost  further kept on rising  throughout the year. The maximum DA which  was Rs 1145 in January rose  to Rs 1305 in November - a  rise of Rs 160 so far.'  D.A. rise alone has cost the Company around Rs 90 lakhs  during the course of the year.
With  one  more  month  to  go,  1979,  might yet  break  the previous record !!

THIRD:
Most  of the  raw  materials and  components  are  costing us today, between  25% to 50%  more than what  these  cost us 11 months  ago.   Shortages  of raw  materials  caused  loss  of production and termination  of—'Temporaries' .And—this—could happen again and again  !!
Isn't this 'bad' enough?


FOURTH:
A  company needs borrowed  money to  run the  business.  When labour-cost and  materials-cost go up  sharply, we  need more money.   And  the  borrowed  money  itself  has  become  more 'expensive ' because banks increased the rates of interest.
How bad can one get?

FIFTH :
Most of our business is a  'Fixed price' business.  Today, we are executing  orders which  were booked by  us  12/18 months ago at  'firm prices'.  With  all  costs rising  sharply, our 'margins ' are shrinking fast.
This is what makes 1979 a bad year.

SIXTH;
Maharashtra  is going through  one of  the worst  POWER CUTS, ranging from  35% to 55%  (and 100% for 5 days  in May 1979). We have survived  so far, on our own generated  power - which costs us  6 times as  much.  But if  diesel supplies  go down further, (current stock is  just enough for 7 days) the first to be affected would be the Company's transport.
Can we take anything at all for 'granted'?

FINALLY:
1979 began with all outstanding  issues between the Union and the  Management peacefully  settled.  7,000  people  of Powai paid a  heavy price in 1977  and thought that  the worst year in L&T's history had come and gone.
Apparently some people have thought  otherwise and would like to make  1979 THE  WORST  YEAR I The  'Go-slow' agitation  is crowning the nightmare of 1979.
At a time when we should all be unitedly  fighting the 'evil' forces of the ECONOMY, through higher production,  do we have to make matters worse,  by inflicting wounds on ourselves  by resorting to 'Go-slow'?
When  you go  home today,  ask  your eight-year  old what  he thinks 1980 would be like - for us and for our families.

H.C. PAREKH

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