for each of the risks above identify one contingency plan you could put in place to mitigate or lessen the risk
industrial disputes
The objective of the Industrial Disputes Act is to secure industrial peace and harmony by providing machinery and procedure for the investigation and settlement of industrial disputes by negotiations.
The laws apply only to the organised sector. Chapter V-B, introduced by an amendment in 1976, requires firms employing 300 or more workers to obtain government permission for layoffs, retrenchments and closures. A further amendment in 1982 (which took effect in 1984) expanded its ambit by reducing the threshold to 100 workers.
The Act also lays down:
The provision for payment of compensation to the workman on account of closure or lay off or retrenchment.
The procedure for prior permission of appropriate Government for laying off or retrenching the workers or closing down industrial establishments
Unfair labour practices on part of an employer or a trade union or workers.