Govt takes extreme cognizance of layoffs, pay cuts; labour ministry to share recordsdata with PMO

The government has taken extreme cognizance of the layoffs and pay cuts launched by various organisations amid the coronavirus disaster, sources told CNBC-TV18, including that the labour ministry shall be collecting recordsdata on wage reductions and job cuts on traditional basis and analyse the inclinations thru the shield watch over rooms.

According to the sources talked about above, the ministry will initiate collecting and compiling the information on layoffs and pay cuts launched all the method thru the COVID-19 lockdown on a day-to-day basis. The information shall be shared with the Top Minister’s Office (PMO) per week, talked about the supply.

Read: Irregular: Wipro says would possibly maybe maybe well demand some workers to head on bound away, does no longer rule out layoffs

The ministry has requested states to accomplish sure emphasis on the already issued advisory on job and pay cuts. The government earlier issued an advisory to employers to no longer slice salaries or fire workers. In his speech on April 14, while asserting extension of the lockdown, Top Minister Modi too entreated firms to be form to workers.

As per the sources, the labour ministry will give extra process to EPFO and ESIC to collate job and pay slice recordsdata, for which this would possibly maybe well soon grief separate pointers.

In the 20 shield watch over rooms location up by the federal government to address the wage-related grievances, 1,500 complaints were bought to this level, out of which, 1,000 complaints are for states while 500 are for centre.

Out of the 500 complaints for central government, 300 are related to EPFO.

Many firms are resorting to layoffs and pay cuts to lower charges and forestall afloat amid the COVID-19 disaster that is vulnerable to cause gargantuan losses for businesses.

Read: What financial disaster? These firms gave hikes, promotions amid the ever-characterize COVID-19 layoffs

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