Dear Friends,
we are working in a limited company wherein employer has reduced our monthly gross pay by 20% and 25% for top management , we just want to know whether an employer has a right to reduce the salary of employee,is it legal.
in total 19 people were also fired in the month of April 2015 reducing our total employee strength to 85.
it has been more than 5 years i had been working n this company and i am skeptic if i leave the company they would pay the gratuity on the reduced monthly amount, which again would be a loss for me.
when i will appear for the interview i will have to put up the reduced monthly salary slip which would turn out to be a loss for me again.
the reduced amount of 20% is no where reflective in the salary slip,what could be the repercussion.
friends , please suggest a way out as the employer has gone completely adamant .
we are working in a limited company wherein employer has reduced our monthly gross pay by 20% and 25% for top management , we just want to know whether an employer has a right to reduce the salary of employee,is it legal.
in total 19 people were also fired in the month of April 2015 reducing our total employee strength to 85.
it has been more than 5 years i had been working n this company and i am skeptic if i leave the company they would pay the gratuity on the reduced monthly amount, which again would be a loss for me.
when i will appear for the interview i will have to put up the reduced monthly salary slip which would turn out to be a loss for me again.
the reduced amount of 20% is no where reflective in the salary slip,what could be the repercussion.
friends , please suggest a way out as the employer has gone completely adamant .