10 Most Important Differences between Lock-Out and Closure

10 Most Important Differences between Lock-Out and Closure are mentioned below:

Lock-Out:

1. Section 2 (I) defines ‘Lock-out’.

2. Lock-out means the temporary closing of a place of employment.

3. It is a weapon in-the hands of employer against his employees. He uses it as a threat.

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4. A bona fide lock-out can be illegal, if it is violated the provisions of Sec. 24.

5. Lock-out signifies the closure of the place of business, and not the closure of business.

6. In the lock-out the relationship of employer and employees does not come to an end.

7. The causes for the lock-out in an industry are temporary and can be cured.

8. Generally, the causes of lock-out arise from political, disturbances with trade union leaders, rigid policies of the State, and particularly the economic factors too, etc.

9. A lock-out may turn into closure of an industry.

10. Generally lock-out is declared as answer to a Strike.

Closure:

1. Section 2 (cc) defines ‘Closure’.

2. Closure means the permanent closing down of a place of employment or part thereof.

3. Closure is not a weapon in the hands of employer. It equally effects on both the employer and employees.

4. But a bona fide closure can never be illegal.

5. Closure signifies the final and irrevocable termination of the business itself.

6. In the Closure, the relationship between them comes to an end.

7. The causes for the Closure of an industry are permanent or lasting and cannot be cured.

8. Generally, the cause of closure is economical, poor quality of maintenance, poor management, non­availability of raw material, Government policies, etc.

9. A closure cannot be turned into a lock­out.

10. Closure of an industry is a last resort. It may be due to economic reasons

Submitted by : Dr. Divit, Category : Knowledge, Tag : Essay on Existentialism