Do we have compensation rights if the company closes suddenly?
I work with a private company for 15 months now suddenly they are saying they are closing company in next 10 days do we have right to get compensation if yes how much?
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Advocate By LEAD INDIA
Answered: 05 Oct 2024
Sir, if your company is closing, your rights to compensation may depend on several factors including your employment contract, local labour laws, and the circumstances of the closure. The amount may also vary based on your length of service. For further legal assistance contact us on our helpline number.
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