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Termination Letter Due To Cost Cutting
"I need a Termination Letter Due To Cost Cutting for our Singapore office, covering 15 employees in our IT department who will be affected by our cloud migration project, with termination dates set for March 2025 and including outplacement support services."
1. Letter Header: Company letterhead, date, and employee details
2. Clear Statement of Termination: Explicit statement of employment termination due to cost cutting measures
3. Business Context: Brief explanation of the business circumstances necessitating the cost cutting
4. Last Working Day: Specific date of employment termination and notice period details
5. Final Payment Details: Information about final salary, unused leave, and other entitlements
1. Retrenchment Benefits: Details of any ex-gratia payments or additional benefits, if applicable
2. Transition Support: Information about outplacement services or job search assistance, if provided
3. Non-Compete Reminder: Reminder of existing non-compete obligations, if applicable
1. Final Payment Calculation: Detailed breakdown of final payment including all entitlements
2. Benefits Summary: Summary of insurance continuation or other benefit-related information
3. Exit Checklist: List of administrative tasks to be completed before last day
Authors
Employee
Effective Date
Final Working Day
Notice Period
Final Payment
Retrenchment Benefits
Confidential Information
Company Property
Outstanding Obligations
Exit Process
Severance Package
Accrued Benefits
Unused Leave
Employment Contract
Non-Compete Obligations
Final Settlement
Termination Date
Business Day
Applicable Law
Reason for Termination
Last Working Day
Final Payment Details
Outstanding Leave
Company Property Return
Confidentiality Obligations
Non-Compete Reminder
Post-Employment Obligations
Final Settlement Terms
Handover Requirements
Reference Provision
Benefits Termination
Exit Procedures
Contact Information
Acknowledgment
Full and Final Settlement
Continuation of Insurance
Severance Payment
Return of Documents
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