New Delhi: Future retail employees driven by debt (FRL), the parent chain supermarket, Big Bazaar, has asked the Supreme Court to remove the sale of company assets to rely on retail and rule the US Amazon e-Tailer.
The employees quoted the risk of work losses for around 27,000 people and financial difficulties, showing the submission of the November 20 law reviewed by TOI.
“Between April-4 July 2020, employee salaries seemed significant cuts, in the range of 40-50%.
Furthermore, even reduced salaries cannot be paid on time and payments are often carried out in the stages,” Employee Association Association FRL in submission, What is likely to be heard by the Apex court on December 8 – LED Kishore Biyani Retail of the Future has faced many legal challenges thrown by Amazon, because it tries to get a ruling nod to sell retail business and its logistics to rely on retail for Rs 24,700 Crore.
Amazon, who has 49% of the stock in the future of the coupon (FCPL), a unregistered future group company, accuses that by agreeing to try to sell to Reliance Retail, FRL violates an existing agreement between the two.
E-Tailer said that he had offered assistance to FRL, which was implanted by the last.
“…
employees also understand that if, as a result of delays in obtaining approval for and implementing schemes, reliance will withdraw from the scheme, or for other reasons the scheme is stopped, FRL will be pushed into liquidation, which results in 27,000 employees losing livelihoods They, “Employee FRL welfare association said.
“The employees will be on the streets.” Recently, Independent Director at FRL wrote to the Indian Competition Commission (CCI) who claimed that while seeking the approval of the Antitrust Authority for the 2019 investment in FCPL, Amazon made a statement that contradicted its own internal communication.
They accused the company led by Jeff Bezos from FEMA and FDI violations.
The future retail staff asks SC to allow sales of assets to rely on retail
