Retrenchment

While you are in a fragile emotional state, you will be called upon to make lots of important decisions about unfamiliar financial issues. These decisions will have massive financial implications later in your life.

If you are retrenched, you are entitled to a severance package. This is typically 1 week’s remuneration for every completed year of service. However, if you take a voluntary retrenchment, this is classed ...

Information and Tips when you being retrenched