The Termination Letter Due To Company Closure is a crucial document used when a Singapore-based company ceases operations and needs to formally end employment relationships. It must comply with Singapore's Employment Act, Companies Act, and related legislation, ensuring proper notice periods and statutory benefits are provided. The document should be issued to all affected employees and includes essential information about final payments, CPF contributions, outstanding leave, company property return, and continued obligations. This letter serves as both a legal requirement and a formal record of the employment termination process during company closure.
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Key Requirements PROMPT example:
Termination Letter Due To Company Closure
"I need a Termination Letter Due To Company Closure for our Singapore manufacturing facility, which will cease operations on March 15, 2025, affecting 50 employees who have been with us for varying periods between 2-15 years."
1. Date and Address Block: Formal letter header with date and employee's details
2. Notice of Termination: Clear statement of employment termination due to company closure
3. Last Working Day: Specific date of employment termination
4. Final Payment Details: Breakdown of final salary, leave encashment, and other payments
5. Company Property Return: Instructions for returning company assets
6. Confidentiality Reminder: Reminder of ongoing confidentiality obligations
1. Reference Letter Offer: Optional section offering to provide employment reference for employees in good standing
2. Outplacement Support: Optional section providing information about job search assistance when company provides such support
3. Exit Interview: Optional section detailing exit interview arrangements for companies conducting exit interviews
1. Final Payment Schedule: Detailed breakdown of all final payments and deductions
2. Employee Clearance Form: Checklist for returning company property and settling outstanding matters
3. CPF Contribution Statement: Final CPF contribution details
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