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Jenny
20/02/2013 16:21:50
Re: VSS vs RETRENCHMENT

Happy New Year, sir.
Is there a difference between VSS and Retrenchment?
An acquaintance has been offered VSS, Retrenchment or 25% salary cut as company is not doing well. No compensation or benefits was stated.
She is 6 months pregnant and been with the company for 10 years.
Appreciate your advise very very much.
May you be bestowed with good health, joy and abundance.
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KL Siew
klsiew.my@gmail.com
20/02/2013 20:33:54
1. Get some info from the Employment(Termination and Layoff Benefits)Regulations on compensation.
2. Find out the terms of the VSS see whether it is attractive or not.
3. Pay a visit to the local Industrial Relations Department and get some official advice on the matter.
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Jenny
21/02/2013 12:51:11
Thank you, Mr Siew.
Will advise my acquaintance. I believe the company had no other choice.
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