Privatization through Worker Buy Out: Learning from Failure – The Case of the Bhaskar Textile Mill

1. Balsi J.R. (1987), Employee Ownership Through ESOPs, Implications for Public Corporations, New York, Pergaman.

2. Berman K V (1978), The Role of Labour Unions in Workers Managed Firms, New Delhi, Self Management.

3. Hunnius G (1973), Workers’ Control, New York, Random House.

4. Manson N (1991), Workers’ Owners, The Mondragon Achievement, London, Anglo German Foundation.

5. Srinivas B (1993), Workers Take Over in Industry, New Delhi, Sage Publication.

6. Issues of local dailies like “The Samaj” and “The Prajatantra” were used to note the impact and the comments of various trade unions like AITUC, CITU in early 1991.

7. The Industrial Economist, November, 1993, p. 61.

8. The Sick Industry Company Act 1985, Sec. 18(2) (f) to 18(2) (I).

9. Annual reports of the Orissa State Textile Corporation, Government of Orissa.

10. MOU between, JIMU and the Dept. of Textiles and Handlooms, Govt. of Orissa.