Incorporates three laws relating to dispute resolution, industrial relations, etc.
- Aim: To simplify laws related to trade unions, conditions of employment in industrial establishment or undertaking, investigation and settlement of industrial disputes.
- Key provisions
- Trade Unions: Now requires 51% membership to be recognised as the sole negotiating union, streamlining the negotiation process.
- In case of more than 1 trade union, negotiating council will be formed with representatives of unions having 20 % of workers as members.
- Fixed-Term Employment (FTE): Explicitly institutionalises FTE, intended to reduce excessive contractualisation and offers cost efficiency to employers.
- Expanded Worker Definition: Covers sales promotion staff, journalists, and supervisory employees earning up to ₹18,000/month.
- Higher Threshold for Lay-off/Retrenchment/Closure: Approval limit raised from 100 to 300 workers; States may enhance the limit further.
- Broader Definition of Industry: Includes all systematic employer-employee activities, regardless of profit or capital.
- Trade Unions: Now requires 51% membership to be recognised as the sole negotiating union, streamlining the negotiation process.
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