Retrenchment
This query is : Open
06 February 2009
Efficiency Ltd.,is in the process of reorganzation of its business.It is likely to result in some labour being rendered surplus.It has proposed retrenchment of economic dead weight.Can the company do so?
09 February 2009
Yes the company can do so. But before doing retrenchment what the company will do it will apply to the court of law for permission otherwise the company will face problems in labour courts. Certain companies are taking the details of persons who opt for voluntary retirement and submit it to the court of law for permission.
13 February 2009
Sir thankyou so much for the reply.But again a doubt,"CAN THE COMPANY PROPOSE RETRENCHMENT OF ECONOMIC DEAD WEIGHT?"
Please explain me more if you dont mind.
Please explain me more if you dont mind.
13 February 2009
Sir thankyou so much for the reply.But again a doubt,"CAN THE COMPANY PROPOSE RETRENCHMENT OF ECONOMIC DEAD WEIGHT?"
Please explain me more if you dont mind.
Please explain me more if you dont mind.
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