Dear Sir,
I was working in a reputed financial company for the last five years when one day suddenly I was given a letter stating a salary cut of 15% which was effected from the same month of the date of letter. I signed the copy of letter and handed over the same to the HR person. The very next month I and some more people were asked to leave the company with immediate effect. On asking the reason of such decision I was told the cost cutting was the reason. Since the decision was in group so I didn’t argue on that matter. I wrote the resignation letter on HR request.
MY QUERY :
What is the law says on salary part. Can an employer cut the salary for the current month without giving prior notice to the employee?
This salary cut will give a huge difference in my Gratuity amount for which I am entitled for after a service of 4+ years.
One more point : The information given to me while terminating the service of cost cutting was totally false as recruitment is still going on i