Industrial Relations Code

Though the major issue concerning larger operations and financial planning under this code is the cost of flexibility of structuring. The cost structure would be –
– “Changed” costing on account of elimination of contract labour within the core activity of the establishment.
– “Changed” cost of “fixed term employees” provided for under the new law.
– Predictable cost of restructuring in hi tech and vulnerable industries especially into exports or exposed to volatile markets.

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