Re: Company Shutdown
Our Director call one-by-one and told us about the company going to close-down soon. He told that will going to give us 1 month notice and request us to find job as soon as possible. The reasons is due to shareholder refuse to continuos business.
My situation is, I just work for the company only 8 months. As per our HR advice, there is no special benefits on payment to those that not work more then 1 year. They will only pay up-to date wages.
1. Kindly advice what is the benefits of terminated by Employer for those less then 1 year.
2. If the boss request us to resign, whether we should proceed as his order? Because the company financial run very bad.
3. If company declare bankrupt, then what is employee's benefits. Or it will go to 'ZERO'?
4. What is the different treatment of company close-down and bankrupt.
Really need your advice. Because I had read the website and still unable to understand the benefits statement.