Uzbekistan 135 16.04.2019 17:41:49

Redundancy payment is not capable to cover its economic functions in Uzbekistan

Redundancy payment is not capable to cover its economic functions in Uzbekistan

According to Gazeta.uz, it is planned to equalize it to minimum wage. The new edition of the law “On Employment of population” was presented at the open meeting of the Minister with public last Friday.

“Who is appealing for redundancy pay? I can say NOBODY. Because redundancy pay does not have functional and economic importance. What does it mean? It is a pension or insurance for temporary unemployment. However, people rarely receive 70 % of their previous wage, in most cases, amount of payment obtained makes one minimum wage, which is 202 730 UZS. Nobody comes to obtain this amount. Unemployment payment does not meet its economic functions.”- said Sherzod Kudbiyev, Minister of Employment and Labor Relations

Minister said that it is planned to increase redundancy pay to 577 172 UZS, which is the least amount paid for any employment.


redundancy

Thematic