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Why trade unions are formed?
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(1) To secure better wages for workers keeping in view the prevailing standards of living and the cost of living.
(2) To secure for the workers a share in the prosperity of industry in the form of bonus.
(3) To strive for better working conditions for the workers in the form of lesser working hours leave with pay, social security benefits and other welfare facilities.
(4) To ensure stable or continuous employment for workers by fighting against retrenchment, la; off dismissals etc.
(5) To create class consciousness and self-confidence among the workers so as to make them equally strong in comparison with employers.
(6) To work for welfare and development of their members by organising educational, medical, recreational and other welfare facilities for them.
(7) To safeguard the interests of the trade or industry concerned through active participation in the management of industrial units.
