Hi,
I have signed an employment bond with a company for 3 years, but the company has informed us that the unit will be closed in March, and my bond is valid until December 2013. When I asked them about leaving the company before March, they instructed me to stay until the 31st of March. They mentioned that after the closure of the company, I can move to another company; otherwise, I would have to pay Rs 7 lakh to leave for another company. Is this statement provided by the company legal? Please suggest what I should do.
It is not feasible to secure a job immediately after the 31st of March. I requested the company to allow me at least 6 months to search for a job and proposed leaving four months early, in the last week of November. However, the company did not agree to this.
I have signed a one-sided service bond, and the company has been violating its policies since the beginning of my employment until now.
From India, Kolkata
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I have signed an employment bond with a company for 3 years, but the company has informed us that the unit will be closed in March, and my bond is valid until December 2013. When I asked them about leaving the company before March, they instructed me to stay until the 31st of March. They mentioned that after the closure of the company, I can move to another company; otherwise, I would have to pay Rs 7 lakh to leave for another company. Is this statement provided by the company legal? Please suggest what I should do.
It is not feasible to secure a job immediately after the 31st of March. I requested the company to allow me at least 6 months to search for a job and proposed leaving four months early, in the last week of November. However, the company did not agree to this.
I have signed a one-sided service bond, and the company has been violating its policies since the beginning of my employment until now.
From India, Kolkata
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Hello Sandeep,
Yours is indeed a weird situation in this forum. Let's look at the situation from different angles.
1. The company does seem to care [at least to the extent it can] about the employees [as you mentioned]—else they wouldn't have given the advance notice of ~6 months. I have seen companies keeping the 'facade' on until the last minute—that all's well with the company. A recent classic case could be the KFA case currently in the news. However, you do have a point since they seem to be hesitating to release employees earlier—there could be reasons beyond their control.
2. How's your situation different from, let's say, if you were to resign today & have to serve a notice period of 3 months? Wouldn't you tell the prospective employer that your joining time would be 3 months in the interview process itself?
3. How would it serve your purpose now if you wish to focus on the legality or violation of the policy/bond? Coming to the realistic options you have in hand, I suggest you begin trying for new jobs in Nov/Dec/Jan & clearly mention in the interviews that you will be able to join on 1 April 2013. Since you say you were given the notice—I take it that it is a 'written' notice—about the company closure, you can use it to handle any queries about whether you will really join the prospective employer, if selected.
And, one more thing. I suggest taking all the appreciation/recommendation letters from your superiors/bosses/company before the company closes down for good. It could be tough to get them later.
All the best.
Rgds,
TS
From India, Hyderabad
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1650Yours is indeed a weird situation in this forum. Let's look at the situation from different angles.
1. The company does seem to care [at least to the extent it can] about the employees [as you mentioned]—else they wouldn't have given the advance notice of ~6 months. I have seen companies keeping the 'facade' on until the last minute—that all's well with the company. A recent classic case could be the KFA case currently in the news. However, you do have a point since they seem to be hesitating to release employees earlier—there could be reasons beyond their control.
2. How's your situation different from, let's say, if you were to resign today & have to serve a notice period of 3 months? Wouldn't you tell the prospective employer that your joining time would be 3 months in the interview process itself?
3. How would it serve your purpose now if you wish to focus on the legality or violation of the policy/bond? Coming to the realistic options you have in hand, I suggest you begin trying for new jobs in Nov/Dec/Jan & clearly mention in the interviews that you will be able to join on 1 April 2013. Since you say you were given the notice—I take it that it is a 'written' notice—about the company closure, you can use it to handle any queries about whether you will really join the prospective employer, if selected.
And, one more thing. I suggest taking all the appreciation/recommendation letters from your superiors/bosses/company before the company closes down for good. It could be tough to get them later.
All the best.
Rgds,
TS
From India, Hyderabad
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