Paytm management on Wednesday resolved the employee retrenchment dispute after the Labor Ministry intervened in the matter based on the complaint of a terminated employee.
The employee had approached the Labor Ministry over his alleged forced termination by One97 Communications Ltd, which owns the brand Paytm, and sought return of the joining bonus.
The Bengaluru regional labor commissioner, who had sent the notice to Paytm on July 9, heard the Paytm management and the aggrieved employee on Wednesday, official sources said.
hearing on wednesday
“Representative of Paytm management appeared before the commissioner today and agreed not to recover joining bonus and not pay notice period to the employee,” he said.
The employee accepted the exit offer given by Paytm in the presence of the Regional Labor Commissioner (Central), Bengaluru. Official sources said that in this way the complaint was resolved to the satisfaction of both the parties.
The latest case is one of several complaints filed by aggrieved Paytm employees in recent months following the restructuring initiated by the fintech major.
Several terminated employees had recently accused the company of forcing their voluntary exit without any notice, reason or compensation.
(TagstoTranslate)Paytm(T)Labor Ministry(T)Evicted Employees(T)Labor Ministry(T)Joining Bonus
