1.
Employee
entitled to subsistence allowance during suspension: Bombay HC
The
Bombay HC ruled that suspended employees should be given subsistence allowance
during the suspension period without any need for them to mark daily attendance
or fulfil any condition imposed by the employer. A suspended employee does not have to mark
daily attendance in order to get subsistence allowance said the Bombay High
Court. In fact, no condition should be imposed on a suspended employee in order
to get the subsistence allowance they are entitled to during suspension.
According to the HC, Section 10A of the Industrial Employment (Standing Orders)
Act, 1946, provides for an employee to receive subsistence allowance without
the employer making it mandatory for the employee to mark daily attendance for
the same. Subsistence allowance helps employees fulfil their own and
their family’s needs during suspension period when their salary is not coming
in. Natubhai Patel’s claim for subsistence allowance was rejected by the
labour court in Daman. A writ petition was then filed by Hindustan Lever
Employees Union challenging the rejection. Patel, an employer of
Hindustan Unilever, was suspended pending an inquiry by his employer. The
company wanted him to report and mark his daily attendance at the factory gate
every dayIf he failed to do so, he would be marked absent for the day and lose
pay for the day. The High Court, however, ruled that as per the
provisions of Section 10A of the Act subsistence allowance is supposed to be
paid to a suspended employee at prescribed rates without any condition being
imposed. Therefore, the company could not cut his pay because of an
attendance-marking practice that the company had imposed on the employee,
reports LiveLaw.
2.
Avg. salary of Rs 24 lakh
p.a. offered at IIT Bombay.
About
85 students were offered packages worth more than Rs 1 crore. While the
average salary package offered to Indian Institute of Technology (IIT) Bombay
students was Rs 24 lakh per annum, about 85 students bagged job offers
of over Rs 1 crore. About 1,340 offers were made in total in first phase, which
means about 1,188 students were placed. The first phase of the placement
ended in December 2023, and the second one is scheduled for end of January
2024. The research and (R&D) domain received most of the high-paying job
offers at the campus placement drive this year, which saw at least 2,000
students registering.
3.
Flipkart
implements annual job cuts, 5-7% workforce reduction
This is part of Flipkart’s annual performance-based job cuts, a practice it has followed for the past two years. As per media reports, Flipkart, owned by Walmart, is undergoing a workforce reduction that could lead to a five to seven per cent decrease in its total team. This is part of the company’s annual performance-based job cuts, a practice that has been in place for the past two years. The process is anticipated to conclude by March or April, aligning with ongoing performance evaluations and the conclusion of the current fiscal yearThe workforce reduction is in line with Flipkart’s aim to use resources more efficiently in both its current and new ventures. The company plans to address and conclude the restructuring plans and the 2024 roadmap at an upcoming meeting of senior executives scheduled for next month. The report further added that the e-commerce company, which has 22,000 employees (excluding Myntra), has been actively controlling expenses by halting new hires in the last year.
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