Due to economy recession, our company has been through loss over the year. We decide to cut down our monthly overheads and would like to terminate 2 of our employees (service more than 5 years) and remain one young employee (joined us last year) to assist us.
The two employees salaries are RM 1,800.00 and RM 2,300.00.
Can we just terminate them by compensation of 8 weeks wages? How to calculate this compensation?