Redundancy – Severance Payment. (a) Where Employees‘ termination is by retrenchment due to their position becoming redundant, they shall, in addition to the period of notice specified in Clause 20 (a) above, be entitled to a severance payment as follows: Period of Continuous Service Severance Payment 1 year or less Nil Over 1 year and up to completion of 2 years 4 weeks Over 2 years and up to completion of 3 years 6 weeks Over 3 years and up to completion of 4 years 7 weeks Over 4 years and up to completion of 5 years 8 weeks Over 5 years and up to completion of 6 years 10 weeks Over 6 years and up to completion of 7 years 11 weeks Over 7 years and up to completion of 8 years 13 weeks Over 8 years and up to completion of 9 years 14 weeks Over 9 years and up to completion of 10 years 16 weeks Over 10 years 12 weeks
Redundancy – Severance Payment a) In addition to the period of notice prescribed for ordinary termination in Clause 33, where the employee’s employment is terminated in circumstances where the company no longer wishes the job that the employee has been doing to be done by anyone and this is not due to the ordinary and customary turnover of labour, the employee shall be entitled to the following amount of severance pay in respect of continuous service: Period of Continuous Service Severance Pay 1 year or less nil 1 year and up to the completion of 2 years 4 weeks pay 2 years and up to the completion of 3 years 6 weeks pay 3 years and up to the completion of 4 years 7 weeks pay 4 years and over 8 weeks pay
Redundancy – Severance Payment. (a) A position becomes redundant when the Employer decides that the position is no longer required for operational reasons (i.e. the Employer does not require the job to be done by the employee occupying the position or by anyone else and this is not due to the ordinary and customary turnover of labour).
Redundancy – Severance Payment. Where an employee’s termination is by retrenchment due to their position becoming redundant, the employee shall, in addition to the period of notice specified in Clause 26(a) above, be entitled to a severance payment as follows:
Redundancy – Severance Payment. 39.5.1 Severance payment will be 3.25 weeks (or the NES, whichever is the greater), pay for each completed year of service and pro-rate thereof.
