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Showing contexts for: Closure intimation in The Workers And Staff Employed Under The ... vs The Management Of The Express ... on 13 October, 1959Matching Fragments
6. On 29th April 1959 the management intimated the closure of the business of their various publications at Madras. They also said that notices to the employees were being issued. They made an announcement that staff and workmen will be paid wages, one month's salary in lieu of notice, and compensation as laid down under Sections 25-F and 25-FFF of the Industrial Disputes Act. Similar wages etc. were to be paid to journalists, under the Working Journalists (Conditions of Service and Miscellaneous Provisions) Act, 1955. The board of directors of the Express Newspapers (Private) Ltd. resolved on the same date to sell further items of printing machinery and equipment of the Andhra Prabha (Private) Ltd., for Rs. 525,000.