My company was a German MNC with 35 employees in all. The company decided to close its business in India and declared that 3 months' salary would be paid to each employee as compensation. The company relieved me from service on the 30th of July 2017 but has not yet paid my compensation amount. Could you please advise me on how I can obtain my compensation from the company?
From India, Mumbai
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From India, Mumbai
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Retrenchment compensation is to be paid at 15 days of gross wages for every completed year of service of an employee. One month notice has to be given before the closing of the business. If it is not given, then one month gross salary has to be given in lieu of notice.
From India, Mumbai
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286From India, Mumbai
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company agreed to pay three months salary as compensation but, period of more than 60 days have been passed but not paid yet.
From India, Mumbai
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From India, Mumbai
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Dear Friend,
What was your role and designation? Were you in a supervisory role or any other role? You have to share that information first to advise you properly.
Warm Regards,
Bharat Gera HR Consultant 9322404765
From India, Thane
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What was your role and designation? Were you in a supervisory role or any other role? You have to share that information first to advise you properly.
Warm Regards,
Bharat Gera HR Consultant 9322404765
From India, Thane
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Dear Friend,
Since you work in HR, you must be aware of labor laws. Please contact a good advocate who specializes in employment-related matters; they may be able to assist you. In my opinion, you can also approach the labor department as a worker and raise an industrial dispute for the recovery of dues.
Warm Regards,
Bharat Gera
HR Consultant
9322404765
From India, Thane
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Since you work in HR, you must be aware of labor laws. Please contact a good advocate who specializes in employment-related matters; they may be able to assist you. In my opinion, you can also approach the labor department as a worker and raise an industrial dispute for the recovery of dues.
Warm Regards,
Bharat Gera
HR Consultant
9322404765
From India, Thane
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Dear Rahul,
As per the provisions of the Industrial Disputes Act, closure compensation is to be paid for the closure of the establishment at 15 days' salary per completed year of service, plus one month's notice pay if no notice is given. In addition, gratuity if applicable, earned salary, leave salary, and pro-rata bonus are required to be paid. If this is not done, the closure will be illegal, and the workers can approach the Industrial Court for their dues and ask for full salary until the dues are settled.
From India, Pune
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As per the provisions of the Industrial Disputes Act, closure compensation is to be paid for the closure of the establishment at 15 days' salary per completed year of service, plus one month's notice pay if no notice is given. In addition, gratuity if applicable, earned salary, leave salary, and pro-rata bonus are required to be paid. If this is not done, the closure will be illegal, and the workers can approach the Industrial Court for their dues and ask for full salary until the dues are settled.
From India, Pune
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Company Profile.ppt
Published_draft _rules_on Employees_ compensation 3.6.2020.pdf