I am working with Pvt ltd Company and this company situated in Mumbai. from last 2 years company intentionally making losses in business.
They all this stupid practice in order to remove permanent staff. In last week they displayed on proposal in which they have mentioned that we bringing new investors
for the company and he is interested with following conditions. i.e. 1) they will remove 350 permanent staff.with no extra benefits 2) They will reduce salary to 50 % of remaining workers. 3) Company will not pay any legal dues which is pending from 2 years. 4) Company will start contract System. 5) Company will change in working systems and they will reduce P/L, S/L and C/L.
Dear team, Our company is intentionally making all such stupid things only for removing permanent staff. They are planning to start contract system.
bringing new investors for company is completely false and fabricated image which they have created.
Please advice us how can we stop all this things. Please also advice what are the rules that company would have to follow for doing all above things.