Grievance of Paytm Staff About Layoff Resolved: Min

The ministry of labour and employment Wednesday said its regional office in Bengaluru has resolved a layoff related grievance filed by an employee of payments aggregator Paytm.

“The representative of the management of Paytm appeared before the regional labour commissioner, Bengaluru, on Wednesday and agreed not to recover the joining bonus and to pay the notice period payment to the employee,” the ministry said in a statement.

“The employee accepted the exit offer made by Paytm in the presence of the regional labour commissioner,” it said, adding that the grievance was thereby resolved to the satisfaction of both parties.

The regional labour commissioner of Bengaluru had issued a notice to One97 Communication, parent company of Paytm, after some of its employees filed a complaint with the ministry, accusing the company of violating labour laws and forcing terminations without pay.

Following the Reserve Bank of India’s decision to ban Paytm Payments Bank, the Noida based firm is undergoing a restructuring process, which includes an employee rationalisation drive.

S-ET Image source: Google

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