Unifor Calls Out Hudson’s Bay Company For Slashing Workers’ Commission Pay During Liquidation

Unifor says that Hudson’s Bay Company is illegally slashing workers’ commissions during liquidation. (CNW Group/Unifor) TORONTO — Unifor is calling out Hudson’s Bay Company (HBC) for unilaterally slashing workers’ commission pay during its retail liquidation — a move that Unifor says violates collective agreements and reduces workers’ income as they prepare for mass termination. The…

Moratorium under IBC would override FEMA provisions: HC

Kolkata: Observing that the Insolvency and Bankruptcy Code (IBC) prohibits initiation of suits or continuation of pending suits or proceedings against the corporate debtor following the initiation of Corporate Insolvency Resolution Process (CIRP), Calcutta High Court quashed notices issued by the Enforcement Directorate (ED) under the Foreign Exchange Management Act (FEMA) against a Kolkata-based jewellery…