Termination of employment Current Affairs, GK & News
Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time. Features: In most case it is for a year but can be renewed after the term expires depending on the requirement. In a fixed-term employment, the employee is not on the payroll of the ..
Topics: Economy • Employment • Employment classifications • Fixed-term employment contract • Indian labour law • Interstate Migrant Workmen Act • Labor • Labour law • Temporary work • Termination of employment • Wrongful dismissal
Owing to economic challenges, Larsen & Toubro (L&T) has shed 14,000 employees or 11.2% of its total workforce across businesses between April-September in the current fiscal. This is considered as one of the biggest corporate retrenchment exercises carried out in recent times. L&T which is India’s biggest engineering firm has an employee base of 1.2 lakh ..