Technoglitch
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The labour ministry is set to allow companies to sack as many as 300 employees without prior government approval, a decision that risks stirring labour unrest and provoking another confrontation with opposition parties that have already sought to portray the Bharatiya Janata Party (BJP)-led ruling coalition as anti-farmer.
Companies are now allowed to let go of up to 100 employees without needing government approval.
The new, higher limit will be applicable to companies where “not less than 300 workers were employed on an average per working day for the preceding 12 months”, according to a senior labour ministry official.
Effectively, a company with 300 employees would be shutting operations if it were to let go of all its workers.
Firms may be allowed to sack up to 300 workers without government approval - Livemint
Companies are now allowed to let go of up to 100 employees without needing government approval.
The new, higher limit will be applicable to companies where “not less than 300 workers were employed on an average per working day for the preceding 12 months”, according to a senior labour ministry official.
Effectively, a company with 300 employees would be shutting operations if it were to let go of all its workers.
Firms may be allowed to sack up to 300 workers without government approval - Livemint
