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RETRENCHMENT SERVICES
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....
- 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...
- 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...
- 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...
- Is the Indian middle class dream over? Saurabh Mukherjea on the 3 forces crushing your futureIndia's middle class is in deep trouble. Education no longer guarantees prosperity. Jobs are disappearing, especially in IT. Wages are not ...
- 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...
- From ₹40 Lakh Pay to Rapido Driver: Techie who bought ₹1.4 cr flat 2 year ago now struggles to pay ₹95k home loan EMI after layoffA former techie, once earning ₹40 lakh per annum salary, now drives a bike taxi to manage a ₹95,000 monthly home loan EMI after losing his ...
- 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...
- EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?EPFO is set to launch EPFO 3.0, enabling UPI withdrawals and simplifying fund access for members. New rules consolidate withdrawal provisio...
- Laid off or lost your job? Use 75% EPF amount while rest 25% compounds @8.25% - Check EPFO withdrawal rules in case of unemploymentWhile members are entitled to take out up to 100% of their eligible EPF balance, including both employee and employer contributions, there ...
- 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 ...
- Companies tap outplacement firms to help find jobs for fired handsIn the last two-three weeks alone, ABC got as many as 10 enquiries from sectors such as social impact, shared services, food processing and...
- 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...
- Retrenched ESIS workers can get unemployment allowance: OscarWorkers who have lost jobs in retrenchment process and are registered with Employees' State Insurance Scheme are eligible for an unemployme...
- MphasiS cuts 200 jobs in ChennaiRetrenchments are taking its toll on the Indian IT industry and the latest to join the list is MphasiS. The IT & BPO services company, whic...
- Perot Systems retrenches 100 employeesIT services firm Perot Systems has retrenched 100 employees in India, a move seen as part of the company’s recently announced initiative to...
- Perot fires 100 staff in IndiaIT services firm Perot Systems has retrenched 100 employees in India, a move seen as part of the company’s recently-announced initiative to...
- 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...
- Shut units can terminate staff: SCThe Supreme Court on Tuesday ruled that the termination of services on account of closing down of a unit or undertaking which has no functi...
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