Do I need to show proof of my financial position (e.g. to employees or MOM) to determine if the retrenchment benefit provided is reasonable?
If there are disputes, you should be prepared to provide relevant information, as appropriate, to show that your retrenchment practices adhere to the tripartite advisories.
This information is sourced from MOM
Related questions
If my employer’s company is closing down, am I entitled to any compensation?
Can my company terminate my employment contract without paying any retrenchment benefit? Is it compulsory for employers to pay retrenchment benefit?
Do employers still need to provide retrenchment benefits for retrenched individuals if they are eligible for this scheme?
I have received retrenchment benefit from my last company. Will I be eligible?
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