47.
| (1) Officers and servants of the Ceylon Electricity Board on the day preceding the relevant date shall be offered employment in any one of the successor companies on terms and conditions not less favorable than those enjoyed by them on the day preceding the relevant date. |
|
| (2)
| | (a) Officers and servants of the Lanka Electricity Company on the day preceding the relevant date shall be offered employment in any one of the successor companies to terms and conditions not less favorable than those enjoyed by them on the day preceding the relevant date, ; and | | |
| | (b) The taking up of employment in a successor company by an employee of the Lanka Electricity Company, shall for the purposes of the Termination of Employment of Workmen (Special Provisions ) Act, No. 45 of 1971 be deemed not to be a termination of the services of such employee by the Lanka Electricity Company. | | |
|
|
| (3) An officer or servant referred to in subsection (1) or subsection (2) who wishes to opt out of service in a successor company may do so within thirty days from the date on which he has notified of the option by the successor company. If an officer or servant exercise his option not to accept the after, he shall be paid compensation under a Voluntary Retirement Scheme to be prescribed in that behalf. |
|
|
Sri Lanka Consolidated Acts