RETRENCHMENT PAY. (1) A staff member whose employment is terminated by the Company on the grounds of redundancy shall be eligible to receive retrenchment pay at the rate of one month’s last drawn basic salary for each completed year of continuous service with the Company, and proportionately for any completed month, up to a maximum of 25 years’ service subject to the payment not exceeding the remaining number of month’s basic salary the staff member would receive had he remained employed up to his retirement age.
(2) Notwithstanding the above, for a staff member with 2 years or less to his retirement age, the retrenchment pay shall be in accordance with sub-clause (1) above except that the length of service shall be up to a maximum of 25 years, and be discounted by 50%, and the payment not exceeding the remaining number of month’s basic salary the staff member would receive had he remained employed up to his retirement age.
(3) Retrenchment pay shall be paid in addition to salary in lieu of notice where the Company does not require the staff member to work out the period of notice.
(4) Following each retrenchment exercise, a training grant shall be made to the Union.
(5) The provisions of sub-clauses (1) and (2) of this clause shall only be applicable to a staff member who has at least three years’ continuous service with the Company as on the date of termination of his employment. Any staff member who is offered alternative employment compatible with his qualifications, experience and salary by the Company but who refuses such alternative employment shall not be eligible for retrenchment pay.
RETRENCHMENT PAY. 16.4.1 Except where 16.
RETRENCHMENT PAY. (1) Subject to paragraph (2) hereof, when a reduction of hands is decided upon by the Company by reason of technological change, market forces or diminution of reserves, an employee notwithstanding the provisions of Clause 6 herein shall receive one month’s (four working weeks) notice of retrenchment and in addition to the payment required to be made under paragraph (a) (1) hereof shall be entitled to receive from the employer retrenchment pay calculated at the rate of two ordinary week’s pay for each completed year of employment with a minimum payment notwithstanding the length of employment of two ordinary week’s pay.
(2) An employer who no later than seven days after the date of termination of employment obtains or causes to be made available for the employee at another coal mine within the area in which the termination occurred work which the employee is competent to perform which carries the same or higher classification rate of pay which the employee was receiving at the date of termination of service and which may reasonably be regarded as permanent shall not then be liable for payment to the employee of retrenchment pay as provided in paragraph (1) hereof.
RETRENCHMENT PAY. 13.1 Employee’s who are retrenched shall be paid two (2) weeks pay for each year of service or part thereof. (For example; an employee with
5.3 years service would receive a payment equivalent to 5.3 x 2 weeks pay).
RETRENCHMENT PAY. 12.1 An employee who is retrenched will be entitled to the following payment:
a) An employee who has completed between one and five continuous years of service shall be entitled to two weeks pay per year of service or part thereof. (For example, an employee with 3.3 years of service would receive a payment equivalent to 3.3 x two weeks pay). Provided that the minimum payment for an employee with up to and including one (1) year of service shall be two (2) weeks pay.
b) An employee who has worked in excess of five continuous years of service shall be entitled to the following:
(i) for the first 5 years of continuous service, two weeks pay per year of service or part thereof and
(ii) for those years of continuous service after the first 5 years of continuous service, three weeks pay per year of service of part thereof, PROVIDED THAT the maximum amount payable to any employee under this sub-clause will be 75 weeks of pay.
12.2 An employee over fifty five years of age with more than two years continuous service shall be paid three weeks pay in addition to that which they are entitled to under clause .12.1.
12.3 The rate of pay on which entitlements payable under the provisions of this clause shall be based, will be the ordinary time weekly rate of pay for the employee’s classification excluding any overtime, bonuses, piecework amounts or similar.
RETRENCHMENT PAY. (1) A staff member whose employment is terminated by the Company on the grounds of redundancy shall be eligible to receive retrenchment pay at the rate of one month’s last drawn salary for each completed year of continuous service with the Company, and proportionately for any completed month thereof.
(2) Retrenchment pay shall be paid in addition to salary in lieu of notice where the Company does not require the employee to work out the period of notice.
(3) The foregoing shall only be applicable to a staff member who has at least three years’ continuous service with the Company on the date of termination of his employment. Any staff member who is offered alternative employment compatible with his qualifications, experience and salary by the Company but who refuses such alternative employment shall not be eligible for retrenchment pay.
RETRENCHMENT PAY. 11.1. Except where 11.3 applies, where redundancies occur due to:
(a) technological change;
(b) market forces; or
(c) diminution of reserves, the Employees terminated are entitled to retrenchment pay equal to two Ordinary Week’s Pay for each completed year of employment.
11.2. This payment is additional to the payment prescribed in 10.1. In other words, where clauses 10.1 and 11.1 apply this makes a total of three Ordinary Week’s Pay for each completed year of employment. Regardless of length of employment, the minimum payment due to Employees under this provision is t Ordinary Week’s Pay
11.3. Xxxxxx is not liable for the payment in 11.1 if Xxxxxx obtains or causes to be made available for the Employee, work at another coal mine within seven days of the termination of employment of the Employee:
(a) that the Employee is competent to perform;
(b) in a position that carries the same or a higher classification rate of pay than the Employee’s previous position;
(c) that can reasonably be regarded as permanent; and
(d) is in the same general locality as the Employee’s previous employment.
11.4. Where special circumstances exist during the course of the notice of termination given in accordance with clause
RETRENCHMENT PAY. (1) A staff member whose employment is terminated by the Company on the grounds of redundancy shall be eligible to receive retrenchment pay at the rate of one month’s last drawn basic salary for each completed year of continuous service with the Company, and proportionately for any completed month, up to a maximum of 25 years’ service subject to the payment not exceeding the remaining number of month’s basic salary the staff member would receive had he remained employed up to his retirement age.
(2) Retrenchment pay shall be paid in addition to salary in lieu of notice where the Company does not require the staff member to work out the period of notice.
(3) Medical benefits as set out in clause 56 of the Agreement, for a period of three years from date of retrenchment. However, if the Company, with the agreement of the Union, replaces the existing medical benefits scheme with an insured medical benefits scheme before the date of retrenchment, the Company will bear for the staff members retrenched the same premium and/or subsidy as those accorded to the Company’s prevailing staff members, up to a period of three years from the date of retrenchment. This medical benefit shall not apply to staff members who joined the Company after 1st July 2005.
(4) Following each retrenchment exercise, a training grant shall be made to the Union.
(a) 0.25 months’ basic salary for each year of service in excess of 25 years’ service, subject to a cap of 2.5 months’ basic salary, for each staff member who has 25 years’ service or more, subject to a minimum of $2,000. This will only apply to staff members who are in service as at 1st July 2005.
(b) A lump sum of $2,000 for each staff member retrenched who has less than 25 years’ service.
(5) The provisions of sub-clause (1) of this clause shall only be applicable to a staff member who has at least two years’ continuous service with the Company as on the date of termination of his employment. Any staff member who is offered alternative employment compatible with his qualifications, experience and salary by the Company but who refuses such alternative employment shall not be eligible for retrenchment pay.
RETRENCHMENT PAY. (1) Notwithstanding anything to the contrary contained in this Agreement, an employer shall, whenever an employee‟s services are terminated for the reason that he is retrenched, pay to such an employee, in addition to any payment that may be due in lieu of notice of termination of services, a sum equal to two weeks‟ wages for each completed year of service for the first four years‟ service with an employer, and one week‟s wages thereafter with that employer; provided that two weeks‟ retrenchment pay calculated on a pro-rata basis after only four months‟ employment in the first year of employment shall be applicable: Provided further that –
RETRENCHMENT PAY. Where the employment of an employee is to be terminated The Centre shall pay, in addition to all other payments due to that employee, the following retrenchment pay in respect of the following periods of service:
(a) Where the employee is under forty-five (45) years of age, The Centre shall pay the employee in accordance with the following scale: Years of Service Minimum Amount of Severance Pay Less than 1 year 0 weeks pay 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and less than 14 years 16 weeks pay 14 years and less than 15 years 17 weeks pay 15 years and over 18 weeks pay
(b) Where the employee is forty-five (45) years of age or over, The Centre shall pay the employee in accordance with the following scale: Years of Service Minimum Amount of Severance Pay Less than 1 year 0 weeks pay 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and less than 14 years 20 weeks pay 14 years and less than 15 years 21.25 weeks pay 15 years and over 22.5 weeks pay.
