Termination of Employment due to Retrenchment
Termination of Employment due to Retrenchment is classified as an authorized cause of termination which means that the termination of employment is due to necessity and exigency of the business or economic condition. Retrenchment is also known as a “lay-off” or “Downsizing”. Retrenchment may be used as a last resort to cut further losses on … Read more