Forums 论坛

CY
chengyoke@gmail.com
11/06/2009 13:08:29
Re: Downsizing company

Hi

I have intention of down sizing my company. Currently, I have about 18 employees and with the downsizing exercise, I may need to lay off about 12 of them. Pls let me know if I am doing the right thing by :

1. Giving them 2 - 3 months notice.
2. Compensate whoever who has not left voluntarily base on the calculation (Salary p/mth x 12 mth)/ 365 days x their year of service.

Thank you.
Edit | Delete


KL Siew
kl_siew@yahoo.com
11/06/2009 14:21:13
You missed out something in 2. You should include also the number of days of termination benefit the staff are supposed to get like 10, 15 or 20 depending on the years of service.
Edit | Delete

CY
11/06/2009 14:32:15
OK..got it ..thanks.
Edit | Delete

Post Response (Feel free to share your experiences)

Name:
Email:  (optional)
Message: