Dear Rajendra,
I have been working in a private limited company in Chhattisgarh, which is involved in the manufacturing of steel/steel products, TMT, ferroalloys, and power generation for over four and a half years. I have served as the secretary to the director of the company for more than a year. Our company's financial health is not good, and the company is currently in the process of reducing manpower costs, labor costs, and other expenses wherever possible.
Periodically, the management asks employees, whether technical or administrative, to leave their jobs immediately without providing proper notice as per the terms of our appointment letters. Recently, my senior informed me on September 29, 2015, that I should hand over all company papers and belongings on the same day, and my last day at the company would be September 30.
I was shocked by this sudden decision and asked for the reason behind it. However, I was told that it was a management decision, and I was required to comply.
Question on Termination Without Notice
My question to the seniors is: Is there any rule or regulation that allows the management to terminate an employee without prior notice?
In our appointment letters, it is clearly stated that if an employee decides to leave the company, they must provide a notice period of three months. Conversely, if the employer decides to terminate an employee, a one-month notice is required.
Payment Structure and Delays
Our payment structure includes components such as LTA and medical benefits, which are retained by the company and paid annually as per the appointment letter. However, in practice, these payments are delayed, often extending to two years based on the management's discretion. Additionally, the company has been terminating employees frequently without completing their full and final settlements for over a year or two.
Seeking Advice on Next Steps
I am seeking advice on the appropriate course of action. Should I tender my resignation and serve a three-month notice period, or should I request the company to settle my dues, including LTA, medical benefits, payments for September 2015, and any bonuses owed?
Furthermore, my access to the attendance system has been restricted as my card was blocked on September 30. I am unsure of the legal recourse available in such a situation where employees are terminated without proper notice.
I appreciate detailed guidance on the matter or direction on the correct course of action.
Regards,
Rajendra
I have been working in a private limited company in Chhattisgarh, which is involved in the manufacturing of steel/steel products, TMT, ferroalloys, and power generation for over four and a half years. I have served as the secretary to the director of the company for more than a year. Our company's financial health is not good, and the company is currently in the process of reducing manpower costs, labor costs, and other expenses wherever possible.
Periodically, the management asks employees, whether technical or administrative, to leave their jobs immediately without providing proper notice as per the terms of our appointment letters. Recently, my senior informed me on September 29, 2015, that I should hand over all company papers and belongings on the same day, and my last day at the company would be September 30.
I was shocked by this sudden decision and asked for the reason behind it. However, I was told that it was a management decision, and I was required to comply.
Question on Termination Without Notice
My question to the seniors is: Is there any rule or regulation that allows the management to terminate an employee without prior notice?
In our appointment letters, it is clearly stated that if an employee decides to leave the company, they must provide a notice period of three months. Conversely, if the employer decides to terminate an employee, a one-month notice is required.
Payment Structure and Delays
Our payment structure includes components such as LTA and medical benefits, which are retained by the company and paid annually as per the appointment letter. However, in practice, these payments are delayed, often extending to two years based on the management's discretion. Additionally, the company has been terminating employees frequently without completing their full and final settlements for over a year or two.
Seeking Advice on Next Steps
I am seeking advice on the appropriate course of action. Should I tender my resignation and serve a three-month notice period, or should I request the company to settle my dues, including LTA, medical benefits, payments for September 2015, and any bonuses owed?
Furthermore, my access to the attendance system has been restricted as my card was blocked on September 30. I am unsure of the legal recourse available in such a situation where employees are terminated without proper notice.
I appreciate detailed guidance on the matter or direction on the correct course of action.
Regards,
Rajendra