The Business Closure Letter To Employees is a crucial document used when a company in Singapore is ceasing operations. It serves as the official notification to all employees and must strictly adhere to Singapore's employment legislation, including the Employment Act and MOM guidelines. The letter should be issued with appropriate notice periods (typically 1-4 weeks depending on length of service) and must include details about final payments, CPF contributions, unused leave, and severance packages. It's particularly important in Singapore's context where employee rights are strongly protected and proper documentation is essential for legal compliance.
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1. Announcement of Closure: Clear statement of business closure and effective date
2. Reason for Closure: Brief explanation of circumstances necessitating closure
3. Timeline: Key dates including last working day and closure process milestones
4. Final Payment Details: Information about salary, benefits, and severance packages
5. Notice Period: Explanation of notice period arrangements and final working day
1. Transition Support: Details of job search assistance or career transition support, if provided
2. References: Information about obtaining employment references and testimonials
3. Counseling Services: Details of any emotional support services offered to affected employees
1. Severance Calculator: Breakdown of severance payment calculation methodology
2. Final Checklist: List of items to be returned and tasks to be completed before last day
3. Contact Information: Key contact details for queries during closure process
4. FAQ Document: Common questions and answers about the closure process and employee rights
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