The nation has been caught off guard by the increase in Covid-19 cases, which might further weaken an already vulnerable economy. There aren’t many options for employers, and businesses are likely to run out of money. Businesses that are close to bankruptcy may have little choice but to fire their staff in order to stay afloat. Retrenchments are expected more frequently in current times since it makes sense for companies to want to reduce costs.
Your assignment must include the following:
- Describe the terms and conditions of your current employment which consists of the express and implied terms.
- Your employer is genuinely facing financial difficulties due to the Covid-19 outbreak and has a legitimate reason to reduce its workforce. Suggest relevant strategies in order to prevent the termination of workers during these challenging times.
- Describe the various ways by which an employment contract may be terminated along with relevant examples and the remedies for the termination of employment.
- The Employees Provident Fund (EPF) allows its members to withdraw an amount from their accounts in order to manage the current situation during this COVID-19 pandemic. Explain in detail the types of Social Security and their benefits.
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