Govt. clears Code on Industrial Relations Bill, retrenchment norms not eased: Business Standard.
Dear all,
Your association SIMA is forwarding herewith an Article published by Business Standard, dated 21.11. 2019.
Govt clears Code on Industrial Relations Bill, retrenchment norms not eased: Business Standard, dated 21.11.2019.
(Proposes to give legal backing to fixed-term employment)
As per the article, The central government has withdrawn its proposal to give flexibility to big companies, in terms of manpower, to retrench or lay off workers and shut shop without seeking official consent, a government official said, requesting anonymity.
As a result, another proposal to increase the compensation for retrenched or laid-off workers are also not a part of the Bill. However, instead of going for a change in the central law, there are provisions in the Bill which safeguards the amendments brought in by various state governments, giving flexibility to companies to “hire and fire” workers — a move that may be cheered by the industry.
Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit.
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Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
