(a)whether it is a fact that there is a huge number of companies shutdown during the last five years in India;
(b)if so, the details thereof and the reasons therefor;
(c)the number and details of people who got unemployed due to shutdown of the companies; and
(d)the steps being taken by the Government for their bread and butter?
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)
(a) to (c): The details of companies’ shut down and the workers affected thereon, along with the reasons, for the years 2015 to 2019 are annexed.
(d): The interests of the affected workers are protected through measures such as provision of compensation under the Industrial Disputes Act, 1947. Counseling, Retraining & Redeployment (CRR) scheme as a social safety net to provide opportunities of self/ wage employment to the employees ( or dependents) of Central Public Sector Enterprises (CPSEs) separated under VRS/VSS or retrenched due to closure/ restructuring of CPSEs. CRR aims to reorient VRS/VSS optees/ dependents through short duration skill development training to enable them to adjust in the new environment and adopt new avocations after their separation from the CPSEs. CRR scheme is being implemented in collaboration with National Skill Development Corporation (NSDC) under Ministry of Skill Development & Entrepreneurship.
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