Settlement to workers

V K VIJAYARAGHAVAN (Querist) 12 February 2014 This query is : Resolved
Sirs
A Ltd company having incurred losses for 10 years wants to make settlement to workers in one of its factories and has started another factory in another location an year ago due to certain advantages . How to go about it under ID act

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Devajyoti Barman (Expert) 13 February 2014
Why don't you shift the labours to the new factory if it is nearby.
Else you have settle all their legitimate dues.

Rajendra K Goyal (Expert) 13 February 2014
Consult local lawyer dealing in labor matters.

T. Kalaiselvan, Advocate (Expert) 14 February 2014
Not only settlement of dues to the labors but settlement of future dues can also be an issues if the matter is taken up with the Labor commissioner's court or under the provisions of ID Act and rules. Better consult your legal adviser.

Raj Kumar Makkad (Expert) 14 February 2014
A factory can definitely bear the expenses of a lawyer and more over on the spot legal formalities are required to be initiated in this matter so better to engage a local lawyer dealing in such isues.