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Compensation you're entitled to if you're laid off | The Money Show

With the economic crisis wreaking havoc on businesses, employers are forced to reduce employment to stay afloat. As an employee though, there are certain compensations that you are entitled to. Employers have to give employees prior notice especially in case of termination of employment.

Workmen category employees who are laid off and have completed 1 year of service are entitled to severance but this protection is not available for 'non workmen' or white collar employees in managerial capacity. Watch Pooja Ramchandani, Partner, Shardul Amarchand Mangaldas list out all employee rights in the case of lay off or termination in this exclusive chat with ET Now.