WebThe sample Notice of Possible Retrenchment of an employee form allows for the employer to notify the employee that the company is considering commencing retrenchment procedures, and that the employee’s position may be affected in the retrenchment process. This notice may be used to start discussions and consultations with the affected … WebFeb 23, 2024 · If you are retrenched, you should still be paid your notice period. Of your severance package, your severance pay will be taxed like a lump sum in the same way that a retirement fund is taxed. Rate of tax (R) 0% of taxable income . 500,001 – 700,000 . 18% …
Retrenchments - Back to Basics - Labour Guide South Africa
WebAfter the consultation process has been exhausted, the employer may make its decision to retrench, and then issue a notice of retrenchment to the affected employees. ... LegalWise South Africa (RF) (Pty) Ltd (Reg. No 1999/003661/07) is an Authorised Financial Services Provider (FSP 50292). Head Office: Block B, Constantia Ridge Office Park, 231 ... WebNotice of Termination Notice be given in writing, except When it is given to an illiterate Notice Period Worker employed for... 6 months or less More than 6 months Notice Period I week 4 weeks An employer and worker may agree to a longer notice period. five easy plus mettler
Retrenchment process in South Africa - what you need to know
WebFeb 13, 2024 · The South African Post Office (SAPO) is planning to retrench a bulk of its workers after issuing a Section 189 notice. Workers say they have learnt with shock the planned move by the Post Office which will affect 6 000 workers. This forms part of a turnaround strategy that will include the cutting of staff salaries by as much as 40%. WebMay 24, 2016 · The labour law regarding retrenchment in Botswana, Kenya, Malawi, Namibia, South Africa, Uganda, Zambia, and Zimbabwe is outlined here. ... If the employer wishes to retrench fewer than five employees, then it is required to give notice of its intention to retrench to the works council or the employment council. The notice must … WebJul 5, 2024 · When contemplating a retrenchment, employers are required to issue a Notice in terms of section 189 (3) or section 189A of the LRA. The written notice must set out the following: the reason for the proposed retrenchment, the alternatives considered by the employer short of retrenchment, and the reason for rejecting each of those alternatives; can investment income be used for an ira