Companies Freed To Retrench Upto 300 Headcounts In Assam

By Observer Desk

Under the new legislation proposed by Assam government, companies can retrench their employees upto 300, instead of 100 employees, but the companies have to pay the salary of 60 [days] instead of present 15 [days]. This aims to bring confidence within business communities; along to achieve the objective of ‘ease of doing business’ in Assam, sources within the home ministry have confirmed the same.

President of India, has also approved the latest amendment in Bill, known as The Industrial Disputes (Assam Amendment 2017), which will replace the Industrial Disputes Act, 1947.

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