We need to retrenchment a DGM level employee who has been working with us for the last 6 years at monthly salary of 26K.
Whether there is any retrenchment payment the company need to pay?
From my understanding the Industrial Disputes Act 1947 does not apply and no retrenchment payment is required to pay.
We only have to give proper notice according the employment contract or payment in lieu to notice to the employee right?
Hence we are obliged to pay the gratuity payment and payment in lieu of notice.
Whether my opinion is correct?
Thanks
Whether there is any retrenchment payment the company need to pay?
From my understanding the Industrial Disputes Act 1947 does not apply and no retrenchment payment is required to pay.
We only have to give proper notice according the employment contract or payment in lieu to notice to the employee right?
Hence we are obliged to pay the gratuity payment and payment in lieu of notice.
Whether my opinion is correct?
Thanks