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Termination Letter Due To Slow Business
"I need to draft a Termination Letter Due To Slow Business for our London retail store, which is closing due to reduced footfall, affecting 15 employees; the termination needs to be effective from March 1, 2025, with a standard 30-day notice period."
1. Recipient Details: Full name, address, and employment details of the recipient
2. Business Context: Clear explanation of business circumstances leading to termination
3. Termination Statement: Formal statement of employment termination
4. Notice Period: Specification of notice period and final working day
5. Redundancy Payment: Details of redundancy pay calculation and payment arrangements
1. Alternative Employment: Details of any alternative positions available, used when redeployment is possible
2. Consultation Process: Details of consultation process, required for collective redundancies
3. Support Services: Information about outplacement or other support services, if offered
1. Redundancy Calculation Sheet: Detailed breakdown of redundancy pay calculation
2. Final Settlement Statement: Statement of final payments including salary, holiday pay, and other entitlements
3. Company Property Return Form: Checklist of company property to be returned
Authors
Termination Date
Redundancy Payment
Business Reasons
Final Settlement
Statutory Entitlements
Company Property
Confidential Information
Continuous Employment
Garden Leave
Payment in Lieu of Notice
Accrued Holiday Pay
Settlement Agreement
Consultation Period
Alternative Employment
Outstanding Benefits
Final Salary Payment
Return Date
Restrictive Covenants
Reference
Notice Period
Redundancy Payment
Final Payment Calculation
Company Property Return
Confidentiality Obligations
Post-Employment Restrictions
Alternative Employment
Holiday Pay
Outstanding Benefits
Consultation Process
Appeal Rights
Reference Provision
Final Settlement
Garden Leave
Return of Documents
Ongoing Obligations
Acknowledgment
Support Services
Contact Details
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