Question

Similarity between lay off and retrenchment
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Answer 1

Answer:

Retrenchment means involuntary separation of an employee due to the replacement of labour by machines or the close of the department. The layoff is an action step, whereas retrenchment is a business strategy to reduce company's expenses. The layoff is defined in section 2 (kkk) of the Industrial Disputes Act, 1947.hope this is useful

Answer 2

Answer:

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