Company Letter Head
Date :
Employee name
Employee address
Dear (Employee name),
RE:
NOTICE OF RETRENCHMENT
As
you know the business is experiencing serious financial problems as a result of
economic circumstances, which unfortunately do not allow us to continue with
the present manpower and personnel reduction has become necessary.
We
regret to inform you that your position at (Existing
position) is affected by this and that
your services will be terminated from (Date). We expect you to work the notice period, to enable
you to find alternative work it is not necessary for you to work your notice
period, which will be paid by the business. You may therefore terminate your
services upon receipt of this letter.
The company will compensate one month salary to you
and will encash your remaining annual leave if have, which will serve as last
and final payment due to you.
We
wish to thank you for your services and loyalty and wish you all of the best
for the future.
Please
sign that you have received this letter.
Yours faithfully,
Your Company Name
____________________
Manager
Name
Manager
___________________________________________________________________
I hereby acknowledge the
receipt of this letter and agree with the contents therein.
Signature :
_____________________
Name : _____________________
NRIC No. : _____________________
Date : _____________________
