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- Lay-Off, Retrenchment, and Closure are three scenarios in employment law that result in employees losing their jobs12. Here's what they mean:
- Lay-Off: Temporary suspension or permanent termination of employment.
- Retrenchment: Permanent dismissal due to business downsizing or closure.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Lay-Off, Retrenchment and Closure are three case scenarios contemplated in the Industrial Disputes Act, 1947, which essentially results in employees losing their jobs. Chapter V-B was added in the Industrial Disputes Act, 1947 through amendment under Article 32 of the Constitution.legal60.com/lay-off-retrenchment-and-closure-an-o…Lay-off is a temporary suspension or permanent termination of employment, while retrenchment is a permanent dismissal due to business downsizing or closure.www.difference.wiki/lay-off-vs-retrenchment/ - People also ask
A comparative analysis of lay-off and retrenchment - iPleaders
A layoff basically means the temporary termination of a workman at the disposal of an employer while retrenchment means the removal of excess workmen to increase the efficiency of the industrial establishment, provided that such removal is done for any reason whatsoever other than as a form … See more
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 temporary in nature as it indicates the incapability of an employer to continue … See more
Any company doing business banks upon various aspects for the purpose of its operation, gaining profits and reducing losses. It is also … See more
Section 2 (kkk)of the Industrial Disputes Act, 1947 defines the term ‘Layoff’’ as the inability, failure, or refusal of the employer to provide … See more
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