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Andrew Ng
04/07/2012 17:06:23
Re: Business Closing shop

A.)I am now closing down my business. Some of my staff who have been with us for over 30 years and are now over 60 years old. Do I have to pay retrechment benefits.There is no written contract of service.
B) I inherited business after death of my father as a sole proprietor.
If compensation in A) above is required do I calculate from date of employment during my father's time or from the day I took over business.
Thank you.
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KL Siew
05/07/2012 08:36:00
First read up the Employment (Termination and Layoff benefits)Regulations for the necessary info about compensation. Next, consult the Labour Department for official advice.
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