Employees of Infrastructure Leasing & Financial Services Ltd’s (IL&FS) subsidiary in Ethiopia are planning to move the National Company Law Tribunal (NCLT) in a bid to recover their salary dues. About 44 employees working for ITNL-Elsamex SA have not been paid salaries since August 2018.
This comes after the cash-strapped company asked the employees to sign a declaration dated April 2 stating that the company will consider giving an ex-gratia payment on humanitarian grounds.
In return, the employees were told to give an undertaking that they would not claim any other amount from the company. All 44 employees signed the declaration after which the company released salaries for the period up to August 2018. But now the employees say that they signed on the document under duress.
