|
|
 |
 |
| Sunday, 4 July 2004 |
 |
|
 |
News |  |
| News Business Features Editorial
|
New Compensation Formula before SLNAC soon by Ananda Kannangara The amended Compensation Formula for private sector employees with new proposals and recommendations will be forwarded to the Sri Lanka National Advisory Committee (SLNAC) for its the approval next month. The committee comprises representatives of all recognised trade unions as well as employers' federations. Labour Commissioner General, Mahinda Madihahewa, told the "Sunday Observer" that although Parliamentary approval was obtained for the compensation formula last year during the previous regime, its implementation was temporarily suspended due to various objections raised by trade unions and other concerned parties. The Bill which has incorporated the Industrial Disputes (Amendment) Act, the Termination of Employment of Workmen (Amendment) Act and the Industrial Disputes (Hearing and Determination of proceedings) Act was gazetted on December 31. Madihahewa said that trade union representatives had objected to several recommendations in the formula, over the proposed inadequate amount of compensation. "The trade unions also requested the officials to introduce more feasible recommendations on compensation to be paid in future, considering the present cost of living in the country," he said. The Commissioner said that certain amendments had now been incorporated in the formula with more benefits to the workers. "Once the SLNAC gives its green light, it will be forwarded for Cabinet approval, before implementing it," he said. Inter-Mercantile Workers' Union (IMWU) General Secretary, S. Amarasinghe, commended the decision of the Labour Commissioner General to suspend the implementation of the formula following their continuous protest campaigns. He also thanked the Labour Commissioner General for introducing a new formula after fruitful discussions with the parties concerned. Meanwhile a senior labour official said that emphasis will be focused on local and foreign employers who close down their establishments and leave the workers stranded without giving them prior notice or to the Labour Department. "If a foreign employer leaves the country closing down its business without informing the management and workers, steps will we taken to pay compensation for employees after discussing with the Board of Investment (BoI) who had approved their business ventures here. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
