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India
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Intermediate
The government's explainer on what each Code changes. For an employer letting people go, it states the re-skilling fund (15 days' wages per retrenched worker, on top of retrenchment compensation, credited within 45 days) and the higher threshold of 300 workers for needing approval to lay off, retrench or close.
India's Labour Reforms: Simplification, Security, and Sustainable Growth (PIB backgrounder)
From static.pib.gov.in by Press Information Bureau PDF backgrounder
- Retrenching a worker now costs 15 days' wages into the re-skilling fund, in addition to retrenchment compensation.
- Prior government approval for lay-off, retrenchment or closure applies only from 300 workers, up from 100.
- Allowances above half of pay are added back to wages for gratuity and social security.
