Notice of retrenchment
NOTICE OF RETRENCHMENT >> READ ONLINE
retrenchment definition: 1. a situation in which a government, etc. spends less or reduces costs: 2. a situation in which. retrenchment. There might be an employee possibly in his own borough, who Retrenchment (French: retrenchment, an old form of retranchement, from retrancher, to cut down, cut short) is an act of cutting down or reduction, particularly of public expenditure. The word is familiar in its most general sense from the motto for the Gladstonian Liberal party in British politics, "Peace Provisions relating to notice of retrenchment are contained in rule 76 of industrial disputes (central) rules,1957. Illegality of retrenchment Where no application is made to appropriate government for the notice must be contain reasons for retrenchment; alternative to condition (2) above, instead of giving one months, a worker may be retrenched instantly by giving him payment of wages for the Due Process for Retrenchment requires a written notice and separation pay. As an HR practitioner, it's important that you know the elements required for lawful retrenchment Companies must give their employees a notice of retrenchment. The notice duration should be in accordance with the contractual terms mutually agreed upon. In the absence of notice period being Retrenchment strategy is a policy change process in organization for cost cutting Be it an employee or the employer the impact of retrenchment does make a huge difference in one's career path. (3) Where notice of retrenchment given by an employer to fewer than five involved workers is (a) that a period of notice to retrench be stipulated; and. (b) that the Minister be notified in writing in Retrenchment : Meaning, Definition and Requirements of valid retrenchment. Retrenchment means termination of service of a workman by the employer by any reason but other than punishment When issuing the retrenchment notice, employers should be sensitive to the emotional needs of Employers should also pay all wages due and retrenchment benefit to the affected employees by the The amount of retrenchment benefit depends on what is provided for in the employment contract, memoranda of understanding or collective agreement (for unionised companies). • Retrenchment is a form of dismissal due to no fault of the employee, it is a process whereby the • The employer must give notice to the affected employees of the need for the proposed retrenchment. • • Retrenchment is a form of dismissal due to no fault of the employee, it is a process whereby the • The employer must give notice to the affected employees of the need for the proposed retrenchment. •
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