Sahulat Journal 4, Vol. 3, June 2015, No.1
The economic crisis that began in 2008 has had a significant impact on the well-being of a certain segment of the population, and its disruptive effects can be expected to last for many years. Rapidly growing industrialization has attracted a large number of migrants from the rural areas to urban areas, who have been deployed as contract laborers in many manufacturing companies. This study attempts to investigate the socio-economic status of migrant labourers who work in these industries as contract laborers, andtheir coping mechanisms during the economic crisis.The primary data for the study has been collected from interviewing 60 contract laborers,working in five industries of Pune industrial area; identified through snowball sampling method. Results of the study reveal that during an economic crisis, contract laborers are the first target for manpower reduction. Thus, they donot have any job security due to their temporary form of job descriptions. Most of these migrants are from the state of Uttar Pradesh and Bihar, and only a few of them are from within the state. A major problem that they face during recession is
the financial crisis in their families. Therefore, they adopt several coping strategies. One of them is to undertake multiple job responsibilities and develop good relationship with their human resource managers and contractors.
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