If my employer’s company is closing down, am I entitled to any compensation?

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Accepted Answer

As the amount of retrenchment benefits is not set by law, you should check your employment contract or collective agreement (for unionised companies) for retrenchment benefits or compensation.

If you are facing retrenchment and need support, you can access Skills and Workforce Development Agency (SWDA)’s career services for job matching and guidance.

If my employer’s company is closing down, am I entitled to any compensation?

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