The COVID-19 pandemic is an unprecedented crisis which has affected businesses and put many jobs and livelihoods at risk.
Many companies have implemented cost-saving measures like no-pay leave and pay cuts.
But the worst-case scenario, for those of us who are employed, is (touch wood)…
While retrenchment should always be the last resort to manage manpower costs…
What if retrenchment is inevitable due to the current economic climate?
Or maybe your company has to restructure its business and has no choice but to let people go?
Find out what kind of retrenchment benefit is payable to you if you’re unfortunately retrenched due to COVID-19.
TL;DR: What Are The Retrenchment Benefits Payable To Me If I’m Retrenched Due to COVID-19?
If retrenchment is inevitable…
Your employer should provide retrenchment benefits based on their financial position: