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James
james@hotmail.com
09/07/2008 14:52:44
Re: Clarification

Please advise what is the VSS calculation for a company which is going to close due to bad business & for a company which is going to bankrupt.

Are both the VSS calculation the same?
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KL Siew
kl_siew@yahoo.com
09/07/2008 16:09:52
Earlier, Jennifer also asked about almost the same topics. The company may use its own method of calculation of VSS but for workers covered by the Employment Act, the company should not pay less than what are stated in Employment (Terrnination and Layoff Benefits)Regulations 1980.

You can read about the Regulations at http://www.pesaraonline.net/terminationbenefits.htm
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