To retrench
WebFeb 23, 2024 · Retrenchment is the process whereby an employer terminates a contract of employment with an employee on the basis of the employer’s “operational requirements”. What does Operational Requirements Mean? Operational requirement are defined as requirements based on the economic, technological, structural or similar needs of the …
To retrench
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WebSome common synonyms of retrench are abbreviate, abridge, curtail, and shorten. While all these words mean "to reduce in extent," retrench suggests a reduction in extent or costs … WebFeb 2, 2024 · Procedurally, retrenchment requires that : (1) the employer serves written notice both to the employees and the DOLE at least one month before the effectivity of retrenchment; (2) the employer pays the retrenched employee the legal separation pay in an amount prescribed by the Labor Code.
WebMar 5, 2024 · “Retrenchment” means the termination by the employer of the service of a workman for any reason whatsoever, otherwise than as a punishment inflicted by way of disciplinary action, but does not include- (a) Voluntary retirement of the workman; or (b) Retirement of the workman on reaching the age of superannuation if the contract of … WebApr 6, 2024 · Explain the organisation’s efforts to manage business challenges, and the business situation faced by the company resulting in the need for a retrenchment exercise. Outline how the retrenchment exercise will be conducted. Elaborate on the factors that will be considered. Specify the assistance being offered to those affected.
Webretrench verb uk / rɪˈtrentʃ / us / rɪˈtrentʃ / [ I ] formal If governments, companies, etc. retrench, they start spending less money, or reducing costs: The company had to retrench … WebFeb 23, 2024 · Retrenchment is the process whereby an employer terminates a contract of employment with an employee on the basis of the employer’s “operational requirements”.
WebBritannica Dictionary definition of RETRENCH [no object] formal : to change the way things are done in order to spend less money When the economy slowed, the company was …
WebThe employer serves written notices both to the employees and the DOLE at least one month prior to the intended date of retrenchment; 3. The employer pays the retrenched employees separation pay equivalent to one month pay or at least ½ month pay for every year of service, whichever is higher; 4. The employer must use fair and reasonable ... old time watermelonWebThe Azimio La Umoja One Kenya Coalition has vehemently opposed the move by the government to retrench public servants as a mechanism to reduce the huge wage bill.The Raila Odinga-led coalition has ... old time water well pumpsWebApr 9, 2024 · retrench in American English (rɪˈtrentʃ) transitive verb 1. to cut down, reduce, or diminish; curtail (expenses) 2. to cut off or remove 3. Military to protect by a retrenchment … old time water wellWebFeb 2, 2024 · Retrenchment is when there are losses in the operation of the business. Another important distinction is that the separation pay awarded to employees is different. Separation pay for redundancy is equivalent to the employee’s one-month pay for every year of service, a fraction of at least six (6) months being considered as one whole year. is a cold sore a fungal infectionWebApr 9, 2024 · verb. If a person or organization retrenches, they spend less money. [formal] Shortly afterwards, cuts in defence spending forced the aerospace industry to retrench. … is a cold shower good for sunburnWebRetrenchment definition, the act of retrenching; a cutting down or off, as by the reduction of expenses. See more. is a cold sore a virus infectionWebre•trench. (rɪˈtrɛntʃ) v.t. 1. to cut down, reduce, or diminish; curtail (expenses). 2. to cut off or remove. v.i. 3. to economize; reduce expenses. [1600–10; < French retrencher (variant, … old time ways to survive