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RETRENCHMENT
EPFO's New PF Rules Explained: Faster withdrawals, three-day settlement and other key changesEPFO Rule Changes Explained: The Centre has revamped EPF rules, promising faster claim settlements within three days for withdrawals and 20...- New EPFO rules mandate 3-day PF settlements, simplify withdrawalsGovernment revamps EPFO rules, mandating PF claim settlements within three days and imposing a 12% penal interest on officials for delays. ...
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
- Gas at $4: Americans cut back on discretionary spends as fuel bills mountAmericans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting ...
- Putting the Bekaart before AI's racehorse: How widespread adoption of the tech can fill the nation with Kantian roachesArtificial intelligence adoption threatens widespread job losses, wihch could devalue human work and necessitate government income support....
- Wall St regulator proposes to scrap Biden-era climate ruleThe U.S. Securities and Exchange Commission is proposing to remove rules requiring companies to disclose climate-related risks and spending...
- 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...
- Meta employee laid off after 10 years shares gut-wrenching post: ‘Yesterday I was training a new engineer, today I lost my job’A Meta employee in Singapore, Gary Tay, shared his gut-wrenching experience on LinkedIn of being laid off after nearly ten years, having tr...
- Withdraw EPF through UPI soon as government completes testingEmployees Provident Fund Organisation subscribers will soon withdraw their provident fund corpus directly through Unified Payment Interface...
- Cisco shares hit record on strong forecast, AI push with job cutsThe jump, if sustained, would mark the best day for the stock since a robust earnings reports in May 2002 sparked a furious rally in the ...
- 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...
- Your in-hand salary may not change under the new labour code yet, know whySalaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI...
- 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 ...
- Lay offs are deemed illegal if not carried as per Industrial Disputes Act: Minister Bhupender YadavAmid reports of mass layoffs by several firms, including in the IT sector, Labour and Employment Minister Bhupender Yadav on Thursday said ...
- Air India buyer may be allowed to retrench staff in a yearThey will be retrenched through the government’s voluntary retirement scheme (VRS), where an employee gets an amount that’s equivalent to m...
- Tata Communications cuts 300 jobs worldwideTata Communications has cut down 300 jobs across global operations as part of its review to align business with current business need.
- Educomp Solutions sacks 800-900 employees: SourcesEducomp Solutions seems to have sacked 800-900 employees and more may be asked to leave, sources said.
- 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...
- Tata-led Neotel faces opposition from S African unionsThe Tatas-led Neotel telecom consortium in South Africa is facing opposition from unions for its retrenchment plans as the company battles ...
- No retrenchment in Indian Railways: NitishPATNA: Union Railway Minister Nitish Kumar on Saturday ruled out retrenchment of railway employees saying 'we do not have surplus employees...
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