retrenchment in A Sentence
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Retrenchment(loss of a job).
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Retrenchment compensation, if the employee is a workman, and his services have been retrenched;
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About 2200 employees will be laid out from job level 6(JL6) under this Retrenchment.
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A Retrenchment exercise was implemented as part of a strategy to refocus the service.
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Fiscal Retrenchment through a three-year plan holiday had hurt aggregate demand as public investment was cut.
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The spokesman said that this is the first phase of Retrenchment and can be retrenched in April.
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There will be no impact on the service conditions of the employees and there will be no Retrenchment following the merger.
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Typically, responses only occur after major Retrenchments, when it is already too late for regional economies and labour markets to cope.
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It marks a Retrenchment for the Icelandic budget carrier, which flew to more than a dozen U.S. cities as recently just mid-2018.
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While it is speculative to surmise the causes behind this Retrenchment, it may be worthwhile to analyse which data have been removed and which retained.
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In fact, we are already seeing some Retrenchment as conservative forces seek to dishonestly spin a false counter-narrative about immigration being about crime and national security, not morality.
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While industry has welcomed the changes, others have said that the unclear provision regarding Retrenchment would lead to uncertainty, and discretionary behaviour during implementation by the central or state government.
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In India, the Industrial Disputes Act, 1947 puts restrictions on employers in the matter of reducing excess staff by Retrenchment, by closures of establishment and the Retrenchment process involved lot of legalities and complex procedures.
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In its assessment of real activity, the MPC noted that while the outlook for agriculture appears robust, underlying growth impulses in industry and services are weakening, given corporate deleveraging and the Retrenchment of investment demand.
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However, because of the drastic nature of the purge, allegations that malice and revenge was used by heads of department in recommending people for Retrenchment and little was done to scrutinize the details and reasons staff were disengaged.
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This type of payment usually includes Retrenchment benefit, interest received from your exempted recognised provident fund in excess of 9.5 per cent per annum or payment received by the employee before joining or after the termination of employment.”.
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Mittal adds,“This type of payment usually includes Retrenchment benefit, interest received from your exempted recognised provident fund in excess of 9.5 per cent per annum or payment received by the employee before joining or after the termination of employment.”.
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Application for final settlement can be sent by a member on completion of 2 months from the date of leaving service, if the reason for leaving service is other than superannuation, medical ground, Retrenchment and V.R.S./ Female members getting married etc.
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So, as New India gets ready to welcome these ruthless giants to start operating fully in the country's natural resources sector, dark clouds are amassing for lakhs of workers who will see Retrenchments, changes in service conditions and curtailment of benefits.
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Downsizing of the work force generally implemented through VRS in India, and the Industrial Disputes Act, 1947 puts restrictions on employers in the matter of reducing excess staff by Retrenchment, by closures of establishment and the Retrenchment process involved lot of legalities and complex procedures.
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(iii) the new employer is, under the terms of such transfer or otherwise, legally not liable to pay to the workman, in the event of his Retrenchment, compensation on the basis that his service has been continuous and has not been interrupted by the transfer;
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Retrenched census employees of the office of Registrar General of India(Unreserved/General)(They will be considered only for offices under Registrar General Of India in their order of merit and subject to availability of vacancies) 3 Years plus the length of service rendered by them in connection with census, before Retrenchment and weightage of Past Service.
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