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Sample Letter of Notice of Retrencement

SAVI has suffered severe losses and declining revenues since the COVID-19 pandemic began. As a last resort, SAVI must lay off employees to reduce costs and change its business operations. SAVI is providing one month notice and separation pay to employees being terminated, with the last day of employment being [Date]. SAVI thanks employees for their service during this difficult time.

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Gabriel Emerson
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270 views

Sample Letter of Notice of Retrencement

SAVI has suffered severe losses and declining revenues since the COVID-19 pandemic began. As a last resort, SAVI must lay off employees to reduce costs and change its business operations. SAVI is providing one month notice and separation pay to employees being terminated, with the last day of employment being [Date]. SAVI thanks employees for their service during this difficult time.

Uploaded by

Gabriel Emerson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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[Company Name]

[Street Address]
[City]
[Date]

To our valued SAVI employees,

Over the past few months since the proclamation of President Rodrigo Roa Duterte of
state of public health emergency throughout the Philippines due to COVID-19
pandemic, there has been a rapid decline on our revenues and caused severe losses to
the company that has raised concerns on the viability of SAVI’s business operations.

Although this is extremely difficult on our part, it is with deep regret that SAVI informs
its employees that it is necessary for the company to change the way it conducts its
business as its last resort, otherwise if not addressed, SAVI will continue to suffer
business losses. Due to this unforeseeable circumstance, SAVI is constrained to reduce
its work force to smaller number and as a consequence it is necessary for the company
to lay off a number of its employees.

In accordance with the provisions of the Labor Code, SAVI is giving you a one (1)
month notice of the termination of your employment as well your separation pay
under Article 298 of the Labor Code. Your employment with SAVI is effectively
terminated upon the expiration of the one-month period or on [Date].

Thank you for your continued service and contributions to SAVI during this time of
pandemic.

Sincerely,

SAVI

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