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Govt. To Give Due Consideration To Lay-Offs And Pay Cuts

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As per sources which provided inputs to the leading business channel, government is paying serious heed to pay cuts and lay-offs announced in certain sectors of the economy. And, said that the labour ministry will keep a check on all such data via its control rooms on a regular basis.

Govt. To Give Due Consideration To Lay-Offs And Pay Cuts
 

So, as per the sources likewise there will be a collation of all such data on a daily basis in the current tough times of Covid 19 outbreak, and data will be shared with the PMO on a weekly basis.

In his speech just before the end to the lockdown phase I, PM Modi urged employers to not resort to pay cuts or retrenchments and be generous to their workforce instead.

So, the labour ministry will ask the EPFO and ESIC for taking on the work and in this direction will soon come up with the guidelines.

GoodReturns.in

Read more about: salary employee job loss
Story first published: Friday, April 17, 2020, 13:42 [IST]
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