Free Money

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled out on Wednesday. Laid off employees can get up to 48 months of compensation and a state dole to go home, under a newly minted labour employment formula rolled out on Wednesday.

The controversial formula went
back to the drawing board after snap elections and a change in government late
last year prevented the formula from being gazetted.

An employee clocking in one to
four years of service will get 2.5 to 10 months of salary as compensation, 5-9
years service, from 2 to 20 months of compensation. (See table)

© 2001-2017 Lanka Business Online (Pvt) Ltd. All rights reserved.
Designed by Lanka Business Online (Pvt) Ltd.