Hi Friends,
My son is a senior software professional and last year he was selected by a B"lore based software company to work for them in Belgium. As per Belgium policy, all benefits were payable to such employees in Belgium.
After having worked for couple of months, he resigned the job and joined a Gurgaon company from May this year. He gave stipulated period of notice for resignation but well before expiry of notice period it was accepted and consequent sudden winding up had resulted in incurring extra costs to him. After long delay, his employer released him full and final settlement amount. In between during phone talks, son orally consented to receiving money in India since the settlement payment was already badly delayed. Now in mid-August this year, the employer company remitted the settlement amount unliterally to his account, without his prior knowledge/consent and making undue deductions. The most disgusting part is that while making payment for the settlement part, the rate of exchange applied for is of April, 2013 i.e. the period of working with them and not the date on which the due amount has been transferred to him, resulting in loss to him in the vacinity of around 20-25 thousands of rupees.
Being a professional, he can ill-afford to spend time in pursuing the matter legally and it may not be cost effective and commensurate to efforts invloved. On the face of it patently injustice has been done to him but the management has flatly denied to make good for the loss or transfer the amount to him in Euros in Belgium as per Belgium policy on the plea that the settlement once done cannot be reversed.
Valued opinion is solicited as to how to proceed in the matter to achieve results - may be at bureaucratic level or else some other way to get the desired results. Are there any judgements/rules regarding applicability of exchange rate as on the date of actual payment though the plea is so obvious on the face of it.
i m bhatia.
My son is a senior software professional and last year he was selected by a B"lore based software company to work for them in Belgium. As per Belgium policy, all benefits were payable to such employees in Belgium.
After having worked for couple of months, he resigned the job and joined a Gurgaon company from May this year. He gave stipulated period of notice for resignation but well before expiry of notice period it was accepted and consequent sudden winding up had resulted in incurring extra costs to him. After long delay, his employer released him full and final settlement amount. In between during phone talks, son orally consented to receiving money in India since the settlement payment was already badly delayed. Now in mid-August this year, the employer company remitted the settlement amount unliterally to his account, without his prior knowledge/consent and making undue deductions. The most disgusting part is that while making payment for the settlement part, the rate of exchange applied for is of April, 2013 i.e. the period of working with them and not the date on which the due amount has been transferred to him, resulting in loss to him in the vacinity of around 20-25 thousands of rupees.
Being a professional, he can ill-afford to spend time in pursuing the matter legally and it may not be cost effective and commensurate to efforts invloved. On the face of it patently injustice has been done to him but the management has flatly denied to make good for the loss or transfer the amount to him in Euros in Belgium as per Belgium policy on the plea that the settlement once done cannot be reversed.
Valued opinion is solicited as to how to proceed in the matter to achieve results - may be at bureaucratic level or else some other way to get the desired results. Are there any judgements/rules regarding applicability of exchange rate as on the date of actual payment though the plea is so obvious on the face of it.
i m bhatia.