1.
US
manufacturer of EVs lays off 300 more after reducing 10% of workforce last year
To
cut costs, Lion Electric will also reduce product, adopting a batch-size
manufacturing approach. Lion Electric, the company whose electric trucks and
school buses are popular in the US and Canada, is looking at streamlining
operations and aligning costs with demand. As part of its endeavour to save
about $25 million annually, the electric vehicle (EV) manufacturer is letting
go 300 employees across the US and Canada, that is, 30 per cent of its
workforce. Last year, the firm had trimmed its workforce by 10 per cent. The
objective is to improve liquidity and progress faster towards profitability. Additionally,
the company will also reduce production, considering the low demand for
electric trucks. It will embrace a batch-size manufacturing model, that is,
produce the vehicles only on receipt of order.
2.
Salary delays at Byju’s
despite new funding
Former
employees have received a part of their salaries in February but nothing since,
despite working until April. Byju’s recently argued before the National
Companies Law Appellate Tribunal (NCLAT) that Riju Raveendran, a director and
brother of founder Byju Raveendran, infused Rs 2,600 crore into the company to sustain
business operations and pay salaries to its 27,000 employees. Although this
move helped BYJU’S avoid bankruptcy proceedings, employees are still awaiting
the salaries that the funds were meant to cover. Several former employees,
according to a DH report, revealed that they had not received their salaries
for several months before leaving the company. Furthermore, the company still
owed other dues, including gratuity payments.
3.
Karnataka
HC: Reinstate employee removed after maternity leave.
After conceiving her second child, Chandbi Baligar
requested maternity leave, however, upon her return, she was informed that
another person had taken her position. In a landmark judgment, the Karnataka
High Court directed the state government to reinstate an outsourced female
employee who was dismissed after taking maternity leave. The HC ordered that
she continue working until a regular appointment is made. Chandbi Baligar from
Hirehadagali in Vijayanagara district was hired as a contract accountant at
Raitha Samparka Kendra (Kasaba) in Huvinahadagali in June 2014. Her employment
persisted beyond the initial year despite changes in contractors, with the new
agency continuing her salary payments without a fresh agreement.
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