Sri Lanka free trade zone manufacturers oppose electricity tariff hike proposal economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
Argues any change will be extra burden on COVID-19-hit biz
Points out local labour legislation impediment to attracting FDI
SL estimated to have fourth highest termination pay in the world
The Free Trade Zone Manufacturer’s Association (FTZMA) yesterday called on the Government not to change the compensation ceiling of Rs.1.25 million given to terminated employees as such a move would place additional pressure on employees already struggling with COVID-19.
The association has written to Labour Minister Nimal Siripala de Silva, appealing for the relevant legal changes not to be made to the Termination of Employment of Workmen (Special Provisions) Act (TEWA).