Dear Experts, Can anyone guide with the calculation of Retrenchment!
Please note one of our existing manufacturing unit is going to be closed because of low production and non-profit making since lockdown started and management decided to not to continue with that unit. Most of the workers are permanent workers, few workers are working on third party payroll and few staffs also will b eligible for retrenchment.
Any suggestion/ guidance with the process and calculation will be a great help.
From India, New Delhi
Please note one of our existing manufacturing unit is going to be closed because of low production and non-profit making since lockdown started and management decided to not to continue with that unit. Most of the workers are permanent workers, few workers are working on third party payroll and few staffs also will b eligible for retrenchment.
Any suggestion/ guidance with the process and calculation will be a great help.
From India, New Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
5959
Gratuity on Retrenchment in closure of unit-SC judgment.docx
Retrenchment copensation calculation.xls