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Termination Letter Due To Financial Constraints
"I need to draft a Termination Letter Due To Financial Constraints for our Singapore manufacturing facility, where we need to lay off 25 employees by March 2025 due to automation implementation and reduced production demand."
1. Employee Details: Full name, position, employee ID, and department
2. Effective Date: Clear statement of when employment will terminate
3. Reason for Termination: Clear explanation of financial constraints and business circumstances
4. Notice Period: Specification of notice period or payment in lieu
5. Final Payment Details: Information about final salary, unused leave, and other entitlements
1. Retrenchment Benefits: Details of any additional compensation, used when company policy or employment contract provides for it
2. Outplacement Support: Information about career transition assistance, if offered
3. Reference Letter Offer: Mention of providing reference letters, if applicable
1. Final Settlement Calculation: Detailed breakdown of final payment including salary, benefits, and deductions
2. Benefits Continuation Notice: Information about post-employment benefits, if applicable
3. Exit Procedures Checklist: List of administrative tasks to be completed before last day
Authors
Notice Period
Final Payment
Company
Employee
Employment Contract
Retrenchment Benefits
Final Settlement
Confidential Information
Company Property
Outstanding Obligations
Accrued Benefits
Leave Entitlement
Termination Date
Severance Package
Non-Disclosure Obligations
Employment Act
Ministry of Manpower
Tripartite Guidelines
Exit Procedures
Reason for Termination
Final Payment Arrangements
Retrenchment Benefits
Confidentiality
Return of Company Property
Non-Disclosure
Intellectual Property Rights
Final Settlement
Outstanding Leave
Employee Benefits
Post-Employment Obligations
Reference Provision
Exit Procedures
Tax Matters
Dispute Resolution
Governing Law
Full and Final Settlement
Continuation of Surviving Obligations
Acknowledgment and Acceptance
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