ESPACIO PUBLICITARIO
CARACAS, Friday May 04, 2012 | Update
 
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Labor

Venezuelan Labor Law bans layoffs not agreed with workers

The employment relationship will be terminated only if workers want to, even if he/she is given double severance payment

The new Organic Labor Law (Lottt) eliminates relative job stability and keeps only absolute job stability (Photo: AVN)
ENDER MARCANO , ROBERTO DENIZ |  EL UNIVERSAL
Friday May 04, 2012  08:33 PM

One of the goals of the new Venezuelan Labor Law is implementing absolute job stability of employees and workers. Such goal was attained. The legal instrument provides for absolute stability, except for dismissals for due cause.

In the absence of due cause, the only way for employers to terminate any employment relationship is workers' resignation. Not even double severance payment implies that a worker has been dismissed.

Yanet Aguiar, an attorney with Norton Rose firm, said that "the only way to terminate an employment relationship is worker's agreement; layoffs are no longer a unilateral decision of employers."

The new Organic Labor Law (Lottt) eliminates relative job stability and keeps absolute job stability only.



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