An employee, after being fired from his company, can he expect an incentive from the company during the final settlement? The employee worked for the company for 2 years and 352 days. The company wanted to cut down manpower, so it decided to retrench manpower. What are the options to explore to get your incentives and gratuity?
Regards,
From India, Kolkata
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Regards,
From India, Kolkata
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Since the total length of service rendered in the establishment on the date of retrenchment falls well below the minimum qualifying period of service of 5 years, the retrenched employee is not statutorily eligible for gratuity.
As regards incentives, if the incentive is production-linked or performance-based, well, the retrenched employee is entitled to such incentives.
From India, Salem
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6108As regards incentives, if the incentive is production-linked or performance-based, well, the retrenched employee is entitled to such incentives.
From India, Salem
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Gratuity on Retrenchment in closure of unit-SC judgment.docx