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Termination Letter Due To Slow Business
"I need a Termination Letter Due To Slow Business for our Singapore retail store, addressing 3 employees who will be terminated on March 15, 2025, with a one-month notice period and standard retrenchment benefits for employees who have served more than 2 years."
1. Date and Address Block: Formal letter heading with date and recipient details
2. Notice of Termination: Clear statement of employment termination and effective date
3. Business Justification: Explanation of business circumstances necessitating the termination
4. Notice Period Details: Specification of notice period and last working day
5. Final Payment Information: Details of final salary, leave encashment, and other benefits
1. Retrenchment Benefits: Details of any additional compensation for employees with qualifying service period
2. Transition Support: Information about job search assistance or career transition support when company provides outplacement services
3. Reference Letter Offer: Mention of providing employment reference when company policy allows reference letters
1. Final Payment Calculation: Detailed breakdown of final payment components including salary, leave encashment, and benefits
2. Handover Checklist: List of items and responsibilities to be handed over before last working day
3. Benefits Summary: Summary of benefits continuation or termination post-employment
Authors
Reason for Termination
Notice Period
Final Payment
Benefits Termination
Return of Company Property
Confidentiality Obligations
Non-Disclosure
Non-Compete Reminder
Outstanding Obligations
Handover Requirements
Reference Provision
Final Settlement
Post-Employment Restrictions
Acknowledgment and Acceptance
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