I work for a software company with 20 employee like a startup. Without any notice the company said they are shutting down.
My salary till the last month has been paid without any due.
As per contract I should be given 2 months notice, also first year bonus is pending.
Am I entitled for severance pay for 2months and the bonus ?
Reason for shutdown : Investors doesn't want to spend more money and business is not making profit.
Company doesn't have any asset other than computers and laptops.
What are the steps if any to claim severance pay ? Do i need to go to court and all that ?
Please revert as soon as possible.
Thanks
My salary till the last month has been paid without any due.
As per contract I should be given 2 months notice, also first year bonus is pending.
Am I entitled for severance pay for 2months and the bonus ?
Reason for shutdown : Investors doesn't want to spend more money and business is not making profit.
Company doesn't have any asset other than computers and laptops.
What are the steps if any to claim severance pay ? Do i need to go to court and all that ?
Please revert as soon as possible.
Thanks