Facing Retrenchment: What Steps Should I Take and How Do I Handle Severance?

Hi All,

My company (Telecom Product Development Company) is planning to retrench 20 people. Please let me know:

1. The retrenchment process.
2. Do we need to pay Severance pay?
3. Do I need to send a notice to the Government Body?
4. What would be the retrenchment amount I need to pay to the employee, and how do I calculate it?

Kindly treat this as urgent and revert ASAP.

Freda
HR

Dear all,

Could anyone help me by providing a retrenchment policy and retrenchment calculation model for both workmen and executives? Please send the details to my email id bsklinkesh@yahoo.com.

Thank you, and I look forward to your valuable guidance.

Regards,
B. Saravanakumar