The Industrial Disputes Act‚ 1947 Preliminary: The Industrial Disputes Act‚ 1947 extends to whole of India. It came into operation on the first day of April‚ 1947. This Act replaced the Trade Disputes Act of 1929. The Trade Disputes Act imposed certain restraints on the right of strike and lockout in Public Utility Services. But no provision was existing for the settlement of Industrial Disputes‚ either by reference to a Board of Conciliation or to a Court of Inquiry. In order to remove this deficiency
Premium Strike action Trade union Employment
seeking increased sales by improving present products or services or developing new ones‚ related diversification which is adding new but related products or services‚ unrelated diversification which is adding new‚ unrelated products or services‚ retrenchment which is regrouping through cost and asset reduction to reverse declining sales and profit‚ divestiture which is selling a division or part of an organization‚ and liquidation which is selling all of a company’s assets‚ in parts‚ for their tangible
Premium Management Strategic management Decision making
the external factors are the networks who “copycat” the Showtime Arabia network is a large threat where if Showtime Arabia develops something new‚ the network frequently sees its competitors doing the same thing one week later. While the force of retrenchment and downsizing of the company had been implemented amongst Showtime Arabia network; due to the competitive nature of television industry‚ had shown success a lot of the previous workers had been redeployed to other roles. Showtime Arabia’s culture
Premium Management Learning German language
Case: Sara Lee Corporation Issue: Has Sara Lee’s retrenchment strategy been successful? The five competitive forces for Sara Lee Corporation have overall caused an increase in competition. The threat of substitute products and buyer bargaining power are both a result in this increase. Sara Lee negotiates with the buyers so that their products are able to get more shelf space in the supermarkets. The five most important key success factors for Sara Lee’s various industries are distribution
Premium Marketing Capacity utilization Economics
Decision making is a managerial process. It is the function of choosing a particular course of action out of several alternative courses for the purpose of accomplishment of the organisational goals. Decisions may relate to general day to day operations. They may be major or minor. They may be strategic‚ tactical or operational in nature. Major dimensions of strategic decisions The major dimensions of strategic decisions are as follows: 1. Strategic issues require top-management decisions: Strategic
Premium Strategic management
Human Resource Management Project Report on Expectations of Foreign Investors in terms of Labor Laws India‚ like other countries worldwide‚ is experiencing the effects of globalization. In order to make conditions friendlier for investors‚ there is a need for adaptability. Labor legislation‚ such as the Indian Disputes Act and Contract Labor (Regulation and Abolition) Act‚ are now under debate‚ along with issues concerning special economic zones.
Premium Employment Working time Law
The crises of the gold mining sector The critical issue facing the mining industry according to Zoli Diliza chief executive‚ chamber of mines is ensuring that the mineral policies of South Africa aligns with the highest standard of administrative justice‚ promote an internationally accepted level of security of tenure and invariably promote an enabling environment that will attract investors into south Africa‚ hence‚ improving her competitiveness. Gold’s rarity‚ beauty and durability have ensured
Premium Gold Mining Inflation
1. Based on the case study above‚ attempt the following questions : a. Identify and justify three strategies that have been implemented in the organization. From the case study given‚ The Hour Glass has been facing lots of tough time while they trying to be everlasting in the business world. In making the base of the company will going lasting‚ this company has been taking lots of the strategy in avoiding their business find the way to be doom in the upcoming years. So‚ there have
Premium Problem solving Corporation Strategy
within six months from the date of leaving employment. For managers and executives who are not covered by the Employment Act‚ the Ministry will consider providing mediation service to help resolve employment disputes on breach of contract or retrenchment.
Premium Employment Dispute resolution Trade union
Expanding globally seems to be the root cause of Maytag’s problems they are currently facing. They seemed to have leapt into the global market and due to their losses they were not prepared to enter this market. Upon realizing this Maytag took on a retrenchment strategy that caused them to fall behind their competition in the North American market and allowed their main competitors to have an advantage over them because they had been focusing on the North American market while Maytag was focusing on global
Premium Marketing Whirlpool Corporation Globalization