Notice of Retrenchment

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         : _____________________