The Hindu Business Line : Labour reforms decision hailed

KOLKATA: The CII has strongly welcomed the Union Cabinet's approval to amend the Industrial Disputes Act 1947, according to a statement released here.

The statement said that Mr Sanjiv Goenka, CII President, said that the measures would be a shot in the arm for the sagging industrial sector. The amendment, allowing companies employing up to 1,000 persons (against the existing unit of 100) to retrench persons without getting mandatory Government permission, would be a great help to corporates, the statement said.

CII also hoped that the other critical amendment of the Contract Labour Act would also be carried out soon.

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