Authored by: N.K.Ashokbharan, Attorney-at-Law.
The COVID-19 pandemic is placing gargantuan pressure and stress on businesses and thereby the economy, as state-wide lock-downs and curfew in several countries of the world has disrupted businesses. Consequently, several businesses are facing severe financial challenges which is mounting on as the Pandemic has paralysed the functioning and progress of businesses, and thereby forcing the businesses to consider serious cost cutting measures. It is reasonably foreseeable that many businesses shall endeavour to retrench employees in order to cut down costs.
In a country where employment is rigorously protected by law, retrenchment cannot be a simple tread for the employers. On the other hand, it is crucial for the employees to understand and appreciate the protection accorded to them by law. This article shall briefly highlight the laws pertaining to retrenchment in Sri Lanka.
To read the full article click here: Some salient points pertaining to the laws governing retrenchment of employees in Sri Lanka
