Par panel for raising limit to 300 workers for lay-offs without govt nod

Image
Press Trust of India New Delhi
Last Updated : Apr 24 2020 | 8:09 PM IST

The Parliamentary Standing Committee on Labour has supported the idea of allowing companies having less than 300 workers to go for retrenchment or closure without government permission.

This proposal has been the bone of contention at tripartite discussions on the Industrial Relation Code and attracted criticism especially from trade unions.

The committee in its report on the proposed Industrial Relation Code 2019 submitted to the Lok Sabha Speaker earlier this week stated, "Threshold be increased accordingly in the Code itself and the words ''as may be notified by the Appropriate Government'' be removed because reform of labour laws through the executive route is undesirable."
The committee stated in its report that it finds no plausible reason for expanding the ambit of this provision indiscriminately to all the industrial establishments as

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 24 2020 | 8:08 PM IST

Next Story