8th January 2019 From India, Kannur
Once the merger is over, the new taken over company, has to issue individual letter to all employees on their service continuity and terminal benefits. Some time employee’s are given option to continue in the present employer on different service conditions / salary structure, or opt for voluntary retirement (Golden Hand Shake) if they are not acceptable to the new service conditions.
If the new company doesn’t come forward / follow the above procedure, the option available to the workmen is to raise an Industrial Dispute under ID Act for the liability on previous service conditions/ continuity of service, and settle their claim/ issue by a settlement under section 12(3) of the Act
9th January 2019 From India, Madras
All the employees deprived of such payment can file their case before labour Department or District Magistrate.
12th January 2019 From India, Mumbai