I’ve been working as an AGM in Administration for 15 years at a leading Canadian Engineering firm. I’m a regular employee with all the relevant documentation, including salary slips, PF contributions, appointment letter, salary revisions, and performance letters. My appointment letter states a 2-month notice period on either side. The company is planning to reduce its workforce starting January. If they terminate my employment, am I entitled to any compensation beyond the 2-month notice salary? Could I potentially claim a 15-month salary as compensation? Is there any specific law that governs this? I’d appreciate your expert advice on this matter.
Best Answer
Indian law doesn’t mandate a 15-month salary compensation for termination. You are entitled to a 2-month notice period salary as per your appointment letter. Beyond that, you may be eligible for statutory benefits like gratuity if you meet the eligibility criteria, but no specific law guarantees a 15-month salary for termination. You should consult with a labor lawyer to assess your specific situation and understand your rights.
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