Cotton Textile Industry (Profit Sharing).

Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 6th July 1932.

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Photo of Sir Harold Sutcliffe Sir Harold Sutcliffe , Royton

62.

asked the Minister of Labour whether he has any information as to the number of concerns in the cotton textile industry in which co-partnership or profit-sharing schemes are in operation; how many workers are affected thereby; and how the regularity of employment in firms where such schemes are in operation compares with that in other firms?

Mr. HUDSON:

Five firms engaged in the cotton textile industry were known to my Department as having schemes of profit-sharing or co-partnership in operation in the year 1931. These firms had about 19,000 employés, of whom about 6,000 were entitled to participate in profits. As to regularity of employment, I have no information as to how these firms compare with other firms in the industry.