An employer must pay severance payments to redundant employees as follows: For up to 5 years of service one month’s net salary For 5 to 10 years of service two months’ net salary For 10 to 15 years of employment three months’ net salary For 15 to 20 years of service four months’ net salary 20 to 25 years of service five months’ net salary Over 25 years of service six months’ net salary The basis for calculating an employee’s average net salary is the average of the last six months before termination …
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