The Government of Punjab vide notification No.17-Leg./2020 has repealed The Industrial Disputes (Punjab Amendment) Ordinance, 2020 with ordinary legislation to be known as The Industrial Disputes (Punjab Amendment) Act, 2020.
As per the notification, the existing applicability of Chapter V of the Act, which specifies provisions relating to layoffs, retrenchment, closure of certain establishments, wherein the number of workmen employed is not less than one hundred workmen has been increased to three hundred workmen. In addition to the above, as per the provisions relating to the conditions of retrenchment, the existing compensation which shall be equivalent to fifteen days' average pay for every completed year of continuous service or any part thereof in excess of six months, an additional condition which will be an amount equivalent to last three months average pay has been introduced.
Please refer to the notification for more details
Notification:- The_Industrial_Disputes_Punjab_Amendment_Act_2020.pdf
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