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Retrenchment Letter Due To Financial Crisis
"I need a Retrenchment Letter Due To Financial Crisis for a Singapore-based manufacturing company laying off 25 employees, with a severance package of 2 months per year of service and outplacement support services, effective March 15, 2025."
1. Letter Header: Company letterhead, date, employee details and reference number
2. Retrenchment Notice: Clear statement of employment termination due to financial crisis, including business context and necessity
3. Last Working Day: Specification of final working day and notice period details in accordance with Employment Act requirements
4. Financial Entitlements: Details of final salary, unused leave compensation, CPF contributions and retrenchment benefits
5. Return of Company Property: Instructions regarding return of company assets, documents, and handling of confidential information
6. Closing: Expression of appreciation and well-wishes, along with company signatory details
1. Outplacement Support: Details of career transition support, job search assistance and counseling services offered by the company
2. Reference Letter Offer: Information about the provision of employment references and testimonials
3. Non-Compete Reminder: Reminder of existing non-compete obligations and post-employment restrictions
4. Union Consultation: Reference to union consultation process and outcomes, if applicable
1. Benefits Calculation Sheet: Detailed breakdown of final payments, including salary, pro-rated bonuses, leave encashment and retrenchment benefits
2. Exit Checklist: Comprehensive list of administrative tasks and clearance procedures to be completed before the last day
3. Acknowledgment Form: Form for employee to acknowledge receipt of retrenchment notice and understanding of terms
4. Employee Assistance Program Details: Information about available support services and counseling resources
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