How would flexibility in labour laws help companies?

Government has allowed flexibility in the labour laws to attract foreign investment. The companies in the organised sector have to obey certain rules that aim to protect the workers’ rights. But in the recent years, the government has allowed companies to ignore many of these. Instead of hiring workers on a regular basis, companies hire workers ‘flexibly’ for short periods when there is intense pressure of work. This is done to :

• Reduce the cost of labour for the company.
• Reduce liability of company towards the work force
• Allow companies to adjust their workforce to maximize profits without sharing it extensively with workers.
• Let companies experiment with different work arrangements, such as remote work, part-time contracts, or project-based employment.