S
Short2News
Get app
US firm backs out of lay‑off freeze, pays severance to 800 Kerala staff Business

US firm backs out of lay‑off freeze, pays severance to 800 Kerala staff

Short2News· 3mo ago ·📍 Kerala ·👁 37 reads

A US‑based company has reversed its earlier decision to freeze layoffs, issuing severance packages to about 800 employees in Kerala. The move comes despite intervention by the Kerala state government, which had urged the firm to retain its workforce. The reversal highlights tensions between multinational firms and local labour regulations. It raises concerns about job security for workers in the region.

Read news like this in 60 seconds

Short2News gives you the day's news as fast 60-word cards, in your own language.

More Top Stories

ADB Warns Asia Faces Inflation Pressure Through 2027 ADB Warns Asia Faces Inflation Pressure Through 2027 బంగారం, వెండి ధరలు తగ్గాయి; దీపావళికి రికార్డు అంచనా బంగారం, వెండి ధరలు తగ్గాయి; దీపావళికి రికార్డు అంచనా EPFO Wage Ceiling Hike May Reduce Salary Take-Home Pay EPFO Wage Ceiling Hike May Reduce Salary Take-Home Pay Kalyan Jewellers Shares In Focus After Rs 350 Crore Investment In Candere Kalyan Jewellers Shares In Focus After Rs 350 Crore Investment In Candere KSEB clears pact with Germany's GIZ, WRI India on energy storage KSEB clears pact with Germany's GIZ, WRI India on energy storage First-Ever District Jobs Data Shows Wide Gaps in Female Workforce Participation First-Ever District Jobs Data Shows Wide Gaps in Female Workforce Participation

Open in Short2NewsFree · Telugu, Hindi & more

Open