Paytm Layoffs, Termination: Employees File Complaint With Ministry of Labour for 슬롯사이트˜Unlawful Treatment슬롯사이트�, Indian National Congress슬롯사이트� AIPC Says Will Fight for Them
Paytm employees affected by the layoffs reportedly filed a complaint against the fintech company over 'unlawful treatment'. All India Professionals' Congress, a wing of Indian National Congress (INC) came forward to help the employees affected by Paytm layoffs.
Mumbai, June 21:슬롯 머신 사이트 추천The Paytm layoffs have taken a distressing turn as numerous employees have reportedly lodged complaints with the Ministry of Labour and슬롯 머신 사이트 추천Employment, citing 'unlawful treatment' by the fintech major.슬롯 머신 사이트 추천These슬롯 머신 사이트 추천employees, who were affected by the layoffs between June 1 and June 12,슬롯 머신 사이트 추천seek reinstatement슬롯 머신 사이트 추천and have accused the Paytm management of "unethical" and "unfair" treatment.
Moneycontrol슬롯 머신 사이트 추천슬롯 머신 사이트 추천that the exact number of people affected by the Paytm layoffs could not be confirmed, but슬롯 머신 사이트 추천they슬롯 머신 사이트 추천might be around 50.슬롯 머신 사이트 추천One of the employees said that Paytm terminated him without any슬롯 머신 사이트 추천justification or compensation. He said that he and others had been waiting to hear from the슬롯 머신 사이트 추천Ministry to take their case; if not, they would go to court.슬롯 머신 사이트 추천Bluevine Layoffs: Fintech Company Cutting 12% of Its Israeli Workforce To Adjust Priorities and Respond to Changing Market Needs.
AIPC's Official슬롯 머신 사이트 추천Post on X in Support of Paytm Employees:슬롯 머신 사이트 추천
According to previous reports, the company announced major restructuring ahead that슬롯 머신 사이트 추천would result in further workforce reductions. The슬롯 머신 사이트 추천Paytm layoffs would슬롯 머신 사이트 추천reportedly affect thousands of employees. The fintech major recently슬롯 머신 사이트 추천reported a loss of슬롯 머신 사이트 추천around Rs 550 crore for the quarter ending March 31슬롯 머신 사이트 추천following the RBI ban of PPBL and other reasons.슬롯 머신 사이트 추천
By reducing the workforce through슬롯 머신 사이트 추천restructuring, Paytm슬롯 머신 사이트 추천reportedly슬롯 머신 사이트 추천would save from Rs 400 to Rs 500 crore annually. The Paytm-parent One97 Communications said it슬롯 머신 사이트 추천would provide outplacement to the슬롯 머신 사이트 추천employees슬롯 머신 사이트 추천who슬롯 머신 사이트 추천resigned amid restructuring. However, the report슬롯 머신 사이트 추천highlighted that the company forced the employees to resign voluntarily슬롯 머신 사이트 추천without prior notice, severance pay, or슬롯 머신 사이트 추천even joining bonuses.
According to the offer letter, a second employee reportedly said to settle the matter via the슬롯 머신 사이트 추천third-party arbitration committee, barring them from going to court.슬롯 머신 사이트 추천A third employee슬롯 머신 사이트 추천shared that HBRP reached out to him on June 20 and forced him to resign by 12 PM on June 21 (today), or he would be terminated.슬롯 머신 사이트 추천Schibsted Layoffs: Norwegian Online Classified Ads Group to Let Go of 250 Employees Amid Cost-Cutting and Restructuring Plan.
Paytm Layoffs and Involvement슬롯 머신 사이트 추천of Indian National Congress's AIPC
All India Professionals' Congress, a wing of the INC (Indian National Congress),슬롯 머신 사이트 추천extended a hand to Paytm layoff-affected employees. In its official post on X, the AIPC said to fight for these슬롯 머신 사이트 추천employees. The INC's wing highlighted the issue of Paytm sacking professions violating their contractual obligation and posted questions, "Are you an Ex-Paytm Professional? Were you forced to resign without compensation?" The wing also provided a link to reach out to them.슬롯 머신 사이트 추천
(The above story first appeared on LatestLY on Jun 21, 2024 06:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).