LAYOFF

SUBMITTED BY
SENTHIL KUMARA RAJA.M
 What is layoff?

The act of suspending or dismissing an employee, as

for lack of work or because of corporate
reorganization.
A period of temporary inactivity or rest.
The elimination of jobs, often without regard to
employee performance, usually when a company is
experiencing financial difficulties.
 Why industries going to lay off?

closure of any work, division of establishment or

entire establishment due to any reason such as non
availability of material, power or for maintenance.
Due to financial crisis.
How to Beat Layoff

During Recession "Wide

Salary Cut" will be
positive approach even
mukesh ambani and
many more ceo in world
made cut in their salary
himself. And it is also
good for employee than
Lay offs during period.
Otherwise it is not a
unique strategy
 Employee Rights

Your Rights When Employment is Terminated

 Contract Rights
Employees who have an individual contract with their employer or
employees covered by a union/collective bargaining agreement
would be covered under the stipulations in the contract if their
employment is terminated.
 Company Policy
When a company plans lay-offs it may have a severance plan in
effect. If so, severance payments may be provided if your
employment is terminated.
 Statutory Rights
Statutory rights are those provided by federal or state law. They
include unemployment insurance, advance notification of the
closing of or a substantial lay-off at a facility (depending on the size
of the company), anti-discrimination laws, and anti-retaliation laws.
How do qualify for redundancy
payments?
Not all employees are eligible
for statutory redundancy,
with employees who have
recently joined a firm likely
to lose out. The rule is that
you must have at least two
years of continuous service
with your current employer
to qualify. Absences such as
maternity leave, carer’s
leave or illness do not break
your length of service.
What is Retrenchment and layoff

In both techniques employees are

terminated from "first come last
go and last come first go
method" But the difference
between these two is that
retrenched employees are
promised legally that they will be
recalled on job (last go first
come method) when the
conditions of business gets
better but in layoff employees
are terminated without any such
promise after paying all their
legal dues.
six ways to prepare and protect yourself:

1. Get Organized
2. Get what's coming to
you
3. Get connected
4. Get searching
5. Get an exit strategy
6. Get fired up!
 RECENT LAYOFF in ROMANIA

BUCHAREST: (1st jul)In a bid to cut administrative

costs, the Romanian government has decided to lay
off 60,000 public sector employees.

As many as 54,000 people will be laid off in local

governments, while the rest will be dismissed from
the ministries of interior, labor, education and
agriculture, Interior Minister Vasile Blaga said after
an emergency meeting held Wednesday night.
 LAYOFF IN INDIA
Wipro Technologies has put about 4-5 per cent of its
workforce, about 2,400-3,000 employees, under the
scanner for non-performance. Company sources reveal
that about 1,000 employees have been asked to leave .
Mumbai-based Patni Computer Systems too gave pink
slips to >400 employees on grounds of non-performance.
Terming it as a routine exercise and not a slowdown
setback, country’s sixth-largest exporter said that it is an
effort to weed out non-performers.
TCS has shown the door to >500 employees (~2-3 years
of work experience), citing performance issues.
IBM laid off >700 employees (mostly fresher) citing…?
“performance in aptitude tests that were recently
conducted in undisclosed IBM India locations
BYE