Employers forum seeks relief on licences renewal, nod for 12-hour shift

Employers forum seeks relief on licences renewal, nod for 12-hour shift
Employers forum seeks relief on licences renewal, nod for 12-hour shift

Businesses will not be able to carry on with the pre-shutdown activities till they regain normal business activities, which are bound to take time longer that we think.

The Employers Federation of Southern India (EFSI), representing 750 employers of southern India and additionally 20 other affiliated associations belonging to textile, sugar, cement, plantation, leather and MSME sectors, has sought relief measures, including extension of time limit for renewal of licences, permission to operate 12-hour shifts for a period of six months and exemption to work compensatory days for the lockdown days.

The Federation said the impact due to stoppage of work in progress, carrying huge inventory, cost of raw materials and finished products, suspension of storage and distribution and loss of revenue generation would pose severe challenges in working capital management, besides taking care of the employee’s interest in this hour of crisis.

In fact, even prior to the lockdown, there has been a severe slump in business, resulting in industries of some sectors suffering heavy losses and paying employees full wages even though factories had not been operated for many days, said R Srikanth, president of the federation, in a press release.

Businesses will not be able to carry on with the pre-shutdown activities till they regain normal business activities, which are bound to take time longer that we think. Business may be able to absorb the manpower requirement over a period of time, say six months, depending on the business revival plan for each industry duly supported by the government by extending economic relief package, the release said.

In order to tide over the situation, it is absolutely essential to provide immediate relief measures to commence operations of the industries in a smooth manner and maintain balance of interest of all stakeholders to ensure normal operations over a period of time, it added.

(This is an unedited and auto-generated story and may not have modified or edited by Quickclarity news)

stay connected with us! For more updates

LIKE SHARE and SUBSCRIBE

if you like the article information then press the like button, Comments you’re opinions about this article and share it with family and friends on social media platforms

SUSCRIBE Quickclarity news to get latest news updates

Thank you for reading

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.