Company closure intentionally
Victor Bennett
(Querist) 30 December 2015
This query is : Resolved
Dear Sir
I work in a Thailand based company which have a 2 Liaison office in India each having 3 Indian staff in each office. The appointment letter from the company was from Thailand in which it was given authorised to a Thai person as a manager. Now after 4 and half years the company decided to close it's Liaison office as the company has merged with a India company to set up a new unit in India and all the existing staff are being terminated saying because the company is closing it's Liaison office. The company which use to pay us salary and benefits according to thai company and ask us to work according there rules. Is now saying they will pay according to Indian rules for compensation, is it justify so in this condition what can be done and what are the rules according to Indian law for such condition and what is the compensation we can ask for.
P. Venu
(Expert) 30 December 2015
What are the conditions in your appointment in dealing with such situations? Does it provide for arbitration?
Rajendra K Goyal
(Expert) 05 January 2016
The terms of appointment need too be referred, consult local service law expert.