Remember, the security of your job primarily depends on two major factors -- how relevant you are for the organisation and how the organisation is aligned to its stakeholders (investors, clients and employees)
Alleging misconduct by its permanent workers, labour unions and contract staff, the plant management informed all stakeholders, through a notice, that starting Monday "normal operations" at the plant are being suspended.
There would be no retrenchment of employees and that their services conditions would also not be affected post merger.
Retrenchment of workers in the organised sector has gone up by 10 per cent to 3,952 persons in 2002-03 as opposed to 3,594 persons retrenched in the previous year, the Rajya Sabha was informed on Thursday.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
RBI Governor Shaktikanta Das said that early containment of the pandemic could impart an "upside" to the economic growth outlook.
In a statement, Gandhi urged Prime Minister Narendra Modi and the government to increase the number of testing facilities across the country and make public the details of hospitals and medical facilities through a dedicated portal.
The Ministry of Labour and Employment on Wednesday announced a scheme to financially support those who lost their jobs and were covered under the Employees' State Insurance Act, 1948. Somesh Jha explains the key features.
'While intensification of fuel prices and broad-based domestic cost pass-through pressures is a downside risk, core inflation is expected to strengthen further as demand recovers to pre-Covid levels,' the ministry said on Friday.
Gender equality might have improved over the years but India's working women still contend with the strongest gender bias across Asia Pacific countries, says a report. According to the LinkedIn Opportunity Index 2021, more women in India have experienced the impact of gender on career development when compared to the APAC region. "In India, more than 4 in 5 working women (85 per cent) claim to have missed out on a raise, promotion, or work offer because of their gender, compared to the regional average of 60 per cent," the report said.
The Economic Survey has suggested that Contract Law should also be amended, which would help in utilising such labour mainly in non-core activities. In addition, the survey has observed that labour laws should be applicable to companies that pay wages to contract labour.
The agreement with the new owners of Satyam Computer Services will incorporate restrictions to prevent mass retrenchment of employees, according to a top functionary of the Ministry of Corporate Affairs (MCA).
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
Ushering in a big wave of reforms by implementing the four labour codes, setting up the national social security fund to cover over 38 crore informal sector workers and improving the ease of doing business will top the agenda of the labour ministry in the New Year. In a major move, the ministry launched the e-Shram portal on August 26, 2021 for creating a national database of over 38 crore informal sector workers. It will help the government to ensure last-mile delivery of benefits of various social security schemes to the informal-sector workers.
Workers being laid off will be entitled to full wages of 45 days for every year of service.
Both Cricket Australia and England & Wales Cricket Board have felt the strain after the pandemic brought all cricket activities to a grinding halt.
Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency.
'These are the people that have worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labour force that way?' the titan asks.
Jet Airways' management may not able to implement the pay cut it wanted in lieu of retaining 800 retrenched employees. That's because the Shiv Sena has now got into the act after the breakaway Maharashtra Navnirman Sena's prominent supporting role to retrenched employees.
In a significant move towards labour law reform, negotiations have been reopened on the hire and fire policy with the government offering a unique scheme of insurance coverage for retrenched workers to overcome objections from trade unions.
Labour Minister Santosh Gangwar said, the purpose of labour reforms is to provide a transparent system to suit the changed business environment.
Chinese President Xi Jinping has stressed the need for the recruitment of new talent to support the rapid modernisation of the armed forces and win future wars amid reports that the military has committed more resources to enrol 3 lakh personnel for frontline positions.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
Employment in nine selected sectors, including construction, manufacturing and IT/BPO, was at 3.08 crore in the April-June quarter of 2021-22, reflecting a growth of 29 per cent compared to 2.37 crore reported in the Economic Census of 2013-14, according to a survey. Labour and Employment Minister Bhupender Yadav on Monday released the report of Quarterly Employment Survey (QES) part (April to June 2021), of the All-India Quarterly Establishment-based Employment Survey (AQEES) prepared by the Labour Bureau. Announcing the results, Yadav said the estimated total employment in the nine selected sectors from the first round of QES is 3 crore and 8 lakh approximately against a total of 2 crore and 37 lakhs in these sectors taken collectively, as reported in the sixth Economic Census (EC 2013-14) reflecting a growth rate of 29 per cent.
A closure of the Indian mission in Kabul will be a Himalayan blunder at this historic juncture when the wheels of diplomacy and politics are set to accelerate in Afghanistan, argues Ambassador M K Bhadrakumar
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
A collaborative approach can yield better results in reforming labour laws that can be implemented in the whole country, instead of different states following different norms in their own jurisdictions. That approach could also help the governments convince the trade unions to see merit in these reforms, says A K Bhattacharya.
One priority for Delhi (for the new foreign secretary in particular) is to have an in-depth discussion with Dharamsala as soon as possible, suggests Claude Arpi.
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
Haryana's chief minister enjoys Narendra Modi's support and protection and will be in office unless the state sees a massive administrative botch-up.
Russia's main gain will be that in geopolitical terms, Ukraine regains its sovereignty and ceases to be a de facto American colony, observes Ambassador M K Bhadrakumar.
The Railway Minister Lalu Prasad Yadav on Thursday ruled out retrenchment of employees in railways and nationalised banks.
She suggested several measures such as protection of doctors, easing the supply chains and deferment of loans.
With the Congress already opposed to the proposed law, regional parties might become the swing factor, says T N Ninan.
While Ola will be restarting services in over 60 cities across the country from Tuesday, Uber, on the other hand, will restart services in 13 more cities from Tuesday, increasing coverage to over 35 cities.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
Can these tech giants survive the curse on their new HQs?
In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
With car sales in India falling for a record ninth month in a row in July posting 7.4 per cent decline and that of heavy and medium commercial vehicles dipping for 17th month in succession, industry body SIAM said on Monday auto sector has started retrenching temporary workers.
