Severance pay must be provided: where the employer unilaterally terminates the employment relationship for a reason which requires notice to be given to the employee; where the employer, through its own faults, causes the employee to terminate the employment relationship; where the employer has requested early termination of the relationship and the employee has agreed (termination by mutual agreement); where the employer is declared bankrupt, enters early liquidation or is ordered to close down; upon the natural expiry of the employment contract (fixed-term), unless the employee has rejected a renewal in the contract which provided for working conditions no less beneficial than the original contract; and where an employee has been made redundant …
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