Dear Sir,
As our company is going through tough situation, and we were not able to pay salary before 7th of every month. We didn't see any significant improvement from past 4 years. So, Management have planned to reduce the work force for 3 shifts to one shift a day. Our factory workers strength is 45. When we informed it to workers well in advance, they started demanding lifetime settlement for all 45 to leave the company. Can anyone guide me with the legal procedure to proceed in this matter.
Company cannot pay lifetime settlement. It can pay the gratuity one by one. Most of them were working for 19 years in this company. They have a strong labour union. Company financial statement shows that it is making huge loses. Production dropped to 10%.
Thanks,
Stephen
As our company is going through tough situation, and we were not able to pay salary before 7th of every month. We didn't see any significant improvement from past 4 years. So, Management have planned to reduce the work force for 3 shifts to one shift a day. Our factory workers strength is 45. When we informed it to workers well in advance, they started demanding lifetime settlement for all 45 to leave the company. Can anyone guide me with the legal procedure to proceed in this matter.
Company cannot pay lifetime settlement. It can pay the gratuity one by one. Most of them were working for 19 years in this company. They have a strong labour union. Company financial statement shows that it is making huge loses. Production dropped to 10%.
Thanks,
Stephen