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How would flexibility in labour laws help companies 

Asked by anandhuanv7 13th January 2019, 9:15 AM
Answered by Expert
Answer:
Because of the rising competition in the market, many companies prefer to have flexibility in labour laws. This means that the jobs of the workers are not secured and they can be terminated by the company during the lean period to enhance the financial condition of the company. Wages paid on daily basis would be low. It can be said that while flexibility in labour laws help the companies in reducing costs and increasing profitability, it denies the workers from their share of profits.
Answered by Expert 14th January 2019, 8:48 AM
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