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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
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