Layoff - A Legal way to
make employees write their resignations.
In the previous blog (https://labourlawscovid19.blogspot.com/2020/05/changes-in-labour-laws-post-covid-19.html)
the effects of COVID- 19 on Labour Laws was discussed and now in the present
post some of the heart breaking news of major commercial establishments such as
UBER, Swiggy, Zomato, Airbnb, Cure.fit, Lyft, Oyo etc. have taken some serious
decisions with respect to their employees. Either they have laid off their
employees or salaries of majority workers have been made to take a pay cut to
the extent of 50%.
Several of the business
establishments are named as under with their decisions:-
A. Swiggy lays off 1,100 employees,
shuts down cloud kitchens to mitigate coronavirus impact
B. Zomato to lay off over
500 employees, announces up to 50 percent pay cut for rest
C. Uber says will cut 3,700 jobs, CEO to waive base
salary
D. Airbnb to lay off up to 1,900 employees in effort
to ride out COVID-19 pandemic
E. Cure.fit said to have laid off employees, mulling
all-digital move
F. Lyft to lay off 982 workers, cut salaries due to
virus outbreak
G.
OYO said to cut pay of all employees
in India - the move comes soon after OYO furloughed thousands of its international
employees earlier in April
H. HDFC Bank's arm, HDB Financial Services,
sacks several staff during lockdown
The numbers referenced
may appear to be inconsequential as against the quantities of the working employees.
But, in the wake of significant decrease in the applicable Labour Laws, the
situation becomes nothing less than a nightmare for the employees. The
employees are spending sleepless nights and praying that they do not receive
the pink slip from their companies, in the present situation.
The times are tough,
let’s hope that the employees are able to protect their jobs and those who
might have lost the jobs for any reason get a better opportunity so that they
can forget these challenges soon….
JAI HIND!
CREDITS
https://gadgets.ndtv.com/apps/news/
https://www.livemint.com/companies/news
Tough time for all...
ReplyDeleteExtremely well researched article. I feel, it is high time that most people embrace the fact job security is illusory and work on building SOME alternative. One such resource that I recommend is Flexjobs, a platform that offers full time telecommuting jobs, network marketing, although it has earned a bad name, is another option. It is just another way of marketing and offers rich rewards though a little patience is needed, getting into e-commerce in some way or starting something of one's own, howsoever small is another thing one can consider. And, you can all these things even while you are looking for a job.
ReplyDeleteSir, I agree with your alternative measures. no offence but, is flexjobs really dependable? they are not safe anymore the hard work done can also be washed away...
Deletethe article is well written and well researched. the tough times are yet to come. lets pray that the investments come prior to the worse times
ReplyDeleteThanks
ReplyDeletewell researched even minute details have been covered...
ReplyDeletecan you plz share your number, i want to take your services regarding the same in my company
ReplyDeleteMy no is 9650129997
Delete