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


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?


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.