Form Of Notice For Retrenchment 578 Legal Draft Template
| Category | Service And Establishment Forms |
| Format | Rich Text |
| File name | Form of Notice for Retrenchment-578.rtf |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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Form of Notice for Retrenchment
Date :…………….
To,
Mr…………………
................................
You are aware that because of the difficulties of availability of foreign exchange and the consequent non-availability of raw material necessary for the manufacture of products handled by this Company, the factory has been lying idle since…………. (or is likely to be idle from…………. ) The management has, therefore, decided to retrench……………… employee of………………. department with effect from ………….. (Date) As you are also one of the employee working in the aforesaid department you are hereby given this one month's notice that your services will stand retrenched with effect from ……………. (Date) and thereby stand terminated. A sum of Rs. ……………… is hereby tendered to you in full and final settlement in lieu of compensation for retrenchment.
Mr…………………
................................
You are aware that because of the difficulties of availability of foreign exchange and the consequent non-availability of raw material necessary for the manufacture of products handled by this Company, the factory has been lying idle since…………. (or is likely to be idle from…………. ) The management has, therefore, decided to retrench……………… employee of………………. department with effect from ………….. (Date) As you are also one of the employee working in the aforesaid department you are hereby given this one month's notice that your services will stand retrenched with effect from ……………. (Date) and thereby stand terminated. A sum of Rs. ……………… is hereby tendered to you in full and final settlement in lieu of compensation for retrenchment.
CHIEF MANAGER