Dear Experts, Can anyone guide with the calculation of Retrenchment!
Please note one of our existing manufacturing unit is going to be closed because of low production and non-profit making since lockdown started and management decided to not to continue with that unit. Most of the workers are permanent workers, few workers are working on third party payroll and few staffs also will b eligible for retrenchment.
Any suggestion/ guidance with the process and calculation will be a great help.
From India, New Delhi
1Please note one of our existing manufacturing unit is going to be closed because of low production and non-profit making since lockdown started and management decided to not to continue with that unit. Most of the workers are permanent workers, few workers are working on third party payroll and few staffs also will b eligible for retrenchment.
Any suggestion/ guidance with the process and calculation will be a great help.
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Gratuity on Retrenchment in closure of unit-SC judgment.docx
Retrenchment copensation calculation.xls