The compensation for a retrenched worker is proposed to be increased three times to 45 days’ pay for every completed year of work, as against 15 days’ pay at present. It will also tighten norms for establishing unions as no outsider will be allowed to become office-bearer of a union in the organised sector.

The Cabinet to soon consider law to retrench workers : ” Union Cabinet will soon consider a law to combine India’s three archaic legislations to make it easier for companies to retrench employees and to raise severance pay ” : Click here.