Multiple choice

Permanent closing down of a part of place of work is called

  1. Lay-off

  2. Retrenchment

  3. Closure

  4. Lockout

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

'Closure' refers to the permanent shutting down of a business, establishment, or a part of it. It's distinct from retrenchment (termination of employee services), lay-off (temporary inability to employ), and lockout (employer's action to pressure employees). Closure involves the permanent cessation of work at the establishment and is regulated by specific provisions including the Industrial Disputes Act requiring government permission for closures in certain industries.