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- Like how lockout and closure have been demarcated with the usage of the word ‘Temporary’, the concept of layoff in labour law is differentiable from retrenchment by the mean that the former is where the incapability of the employer to provide employment culminate in temporary non employment of the worker, whereas, in latter, the employer removes a handful of employees to increase his profit and decrease his loss.lawcorner.in/difference-between-layoff-and-lockout/
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WEBNov 11, 2022 · Lay-off means the failure, refusal or inability of an employer on account of shortage of raw materials, shortage of power, no market demand for finished products etc. Lock-out means the …
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WEBJan 30, 2023 · However, there is a key difference between the two: a layoff typically refers to a reduction in staff due to economic conditions, while retrenchment is a strategic downsizing of the workforce in order to …
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WEBJul 6, 2021 · Introduction. Layoff and retrenchment are talked about in the Industrial Disputes Act of 1947. Layoff refers to the removal of employees by the employer for reasons other than the employee’s fault. A layoff is …
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