1.
15 days’
notice for lay offs, 60 for retrenchment
State governments to
formulate rules for trade unions. Ministry
of Labour and Employment has put forward the draft rules for the Industrial
Relations Code, wherein it has suggested that industrial establishments should
give 15 days’ notice before laying off workers, 60 days’ notice before
retrenchment and 90 days’ notice before closure, even while the establishments
seek the Government’s approval for their actions. Earlier, the IR Code, which
was passed in the Parliament along with social security code and operational
safety and health (OSH) code gave the states the power to allow industries with
up to 300 workers on the rolls to lay off, retrench or even close the
establishment without prior permission. The draft rules seek public feedback,
and have been put out for the same for a month.
2.
Contract staff at Thane
Municipal Corp. will get min. wage
The employees will also receive their salaries by the 7th of every month and be given safety and protective equipment. The Kerala cabinet has given its approval to reserve 10 per cent government jobs for candidates from financially-backward families within the general category. The move will not impact the present reservations for any other category. To implement this reservation, changes will have to be made to the provisions in the Kerala State and Subordinate Services Rules. Earlier, the government had decided to roll out a 10 per cent reservation in jobs as well as in terms of admissions in educational institutions for those belonging to the economically backward sections within the unreserved category, according to the 103rd Amendment to the Constitution and related notifications issued by the Central Government. This was followed by the formation of a commission by the state government to decide the bases for identifying economically backward sections from amongst the forward communities.
3.
2.8 lakh
Cognizant employees to get hike
Cognizant has revealed plans to provide merit-based increments to employees, as its revenues have exceeded expectations in the third quarter. The bonuses will, therefore, be higher than last year. Its third-quarter revenue was $4.2 billion, including a 250 basis points contribution from acquisitions. While there was a dip in its financial services vertical by 2.2 per cent, its healthcare vertical showed growth of 4.2 per cent. The latter’s growth was the fastest witnessed by the Company in the previous few quarters. Healthcare is responsible for about 30 per cent of the Company’s overall revenue. This growth was led by the Life Sciences unit and included the contribution of its acquisition, Zenith, in that sector.
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