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COMPENSATION FOR RETRENCHED WORKERS
Employees terminated for business reasons are entitled to compensation and re-skilling funds under New Labour CodeNew central government rules under the Labour Code offer significant benefits to employees facing job loss due to business reasons. These w...- Can you be fired from job despite achieving your annual target? Know what the labour law saysMeeting annual targets doesn't guarantee job security in the private sector. Labour laws, particularly the Industrial Disputes Act, offer p...
- Why Strong Performers Are Not Always Safe When Companies Cut JobsEmployees often believe good performance ensures job security, but company layoffs are driven by business needs, not individual merit. Stra...
- Laid off by Oracle? Here’s how to calculate your severance pay and legal entitlementsIn India, many employees who laid-off by their respective companies remain unaware of their legal rights. The article clarifies notice peri...
- Termination to be less painful under new labour codes: Employees to get funds for re-skilling in addition to retrenchment compensationEmployees laid off will receive additional funds for skill enhancement, complementing their severance pay. With the new labor codes set to ...
- What employees lose when forced to resign instead of being fired by employerThese days when a employee is fired from the job, the company asks them to tender resignation. However, when an employee is forced to volun...
- Moonlighting: Staff can't take up work that's against company's interests, says govtMoonlighting refers to a full-time employee of a company taking up an additional job, usually without the employer's knowledge. There have ...
- Government says Labour Codes aimed at expanding labour welfare measuresOn raising the employee limit of smaller units for closure to 300, the Ministry said the Parliamentary Standing Committee had also recommen...
- Industries cannot be forced to pay wages during lockdown: Chief of parliamentary panel on labourAmid the countrywide lockdown to check the spread of the novel coronavirus, the parliamentary panel on labour on Thursday submitted its rep...
- State may back down on some labour reform provisions for closures: MinisterNilangekar said the labour department would place the proposals before the state cabinet only after consultations, adding he hoped the refo...
- Maharashtra wants to ease closure norms for large factories tooCurrently, the Industrial Disputes Act, 1947 allows factories with fewer than 100 workers to close down and retrench workers without seekin...
- Lost your job or taking VRS? Here's how the severance payout will be taxedDownsizing—be it by a startup or a global giant—is no longer a rarity. Understanding the tax implications of the severance package can come...
- Draft Labour Code: Government to carefully examine 'hire and fire' clause in new lawThe government today said it will carefully examine the "hire and fire" clause under the draft Labour Code on Industrial Relations Bill, 20...
- DIPP pitches for relaxation in labour laws in national investment and manufacturing zonesThe industry department has proposed that the special purpose vehicle set up for the NIMZ concerned may oversee the labour-related laws.
- Liberty Shoes promoter Adarsh Gupta gets six months jailThe company closed down a unit in Gharunda, near Karnal, and retrenched 1,500 workers in November 2008, an act termed illegal.
- Former Air India employees win retrenchment compensationNine former Air India staffs of its Singapore office have won SGD 25,667 shortfall in retrenchment compensation at the Industrial Arbitrati...
- Now, capital flightPolicymakers fretting over why foreigners no longer seem too keen to invest in India can take a break.
- Package to hike worker's compensation 3 timesGovernment is likely to enhance retrenchment compensation for workers of the organised sector to more than 45 days per year from the existi...
- GoM clears contract labour in 13 areasIn a positive signal to the international business community, the Group of Ministers (GoM) on contract labour on Wednesday put its “in prin...
- Labour panel recommends hire & fireThe second National Commission on Labour and the group of ministers on labour seem to speak in the same voice.
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