respected seniors.
ours is a mnc having a strength of 33 employees till now the company was running profitably but after it was taken over by french the company seems to be in some what trouble in financial aspects now my question is we have to submit a memorandum for the wage increase in the month of march should we urge the management to follow the vrs if it is not possible to run the unit profitably or not. Secondly is there any standard rule the employer should follow before doing any thing like that if there is any method kindly let me know, matter most urgent.
28th February 2013 From India , Bangalore
ours is a MNC company basically it was owned by an Indian then they have sold it to french company on the ratio of 51:49 majority stake being taken by french company so finally it was taken over in 2009 all the years before it was an Indian company with technical collaboration with same french company all these years the company was doing fine now there seems to be some problem with finance flow in the company and also there is a wage negotiation in due course ie in the month of march 2013 now my question is at this type of situation will it be essential to tell the management that if it is not able to run the company profitably let them follow a golden hand shake to all the employees because there are almost 33 employees who have worked for more than 22years if at this stage the management goes to do some thing which is unethical to the employees. Or is there any clause that the management has to follow before going to do such act is there any standard formula to work out the golden hand shake please let me know matter very urgent.
6th March 2013 From India , Bangalore
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