In response to rumors of mass layoffs, Labour and Employment Minister Bhupender Yadav stated that any retrenchment or layoffs that are not done in accordance with the Industrial Disputes Act are illegal.
The minister while responding in the Rajya Sabha to a question on- if the government was aware of huge layoffs in several multinational and Indian firms in the IT, social media, Edu Tech, and related sectors. stated the provisions of the Industrial Disputes Act, 1947 (ID Act), which also regulates many aspects of layoffs and conditions previous to retrenchment of workers, govern layoffs and retrenchment in industrial facilities, said Yadav in response to a question in the Rajya Sabha.
According to the ID Act, establishments employing 100 or more people must obtain prior approval from the competent authorities before closing, retrenchment, or layoff.
The minister stated that the respective state governments have authority over multi-national and Indian corporations in the IT, social media, Edu Tech, and related sectors. He further disclosed that no information on layoffs and retrenchments related to these industries is kept at the central level.
The Central and State Governments take efforts to address the issues of workers and defend their interests in accordance with the provisions of the ID Act, based on their respective jurisdictions as defined in the Act.
What efforts do you think these official bodies should put forward!? Comment down your views👇
Hi All, Even Flikpkart start laying off the employee.
The company should not layoff the employee rather they can reduce the salaries and it will help both parties.
Due to these layoff the employee mental situation will be unstable and it impact the entire family and livelihood.
I am one of the effects employee by Flipkart .
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