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Termination Letter Due To Company Closure Template for Singapore

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Key Requirements PROMPT example:

Termination Letter Due To Company Closure

"I need a Termination Letter Due To Company Closure for our Singapore manufacturing facility, which will cease operations on March 15, 2025, affecting 50 employees who have been with us for varying periods between 2-15 years."

Document background
The Termination Letter Due To Company Closure is a crucial document used when a Singapore-based company ceases operations and needs to formally end employment relationships. It must comply with Singapore's Employment Act, Companies Act, and related legislation, ensuring proper notice periods and statutory benefits are provided. The document should be issued to all affected employees and includes essential information about final payments, CPF contributions, outstanding leave, company property return, and continued obligations. This letter serves as both a legal requirement and a formal record of the employment termination process during company closure.
Suggested Sections

1. Date and Address Block: Formal letter header with date and employee's details

2. Notice of Termination: Clear statement of employment termination due to company closure

3. Last Working Day: Specific date of employment termination

4. Final Payment Details: Breakdown of final salary, leave encashment, and other payments

5. Company Property Return: Instructions for returning company assets

6. Confidentiality Reminder: Reminder of ongoing confidentiality obligations

Optional Sections

1. Reference Letter Offer: Optional section offering to provide employment reference for employees in good standing

2. Outplacement Support: Optional section providing information about job search assistance when company provides such support

3. Exit Interview: Optional section detailing exit interview arrangements for companies conducting exit interviews

Suggested Schedules

1. Final Payment Schedule: Detailed breakdown of all final payments and deductions

2. Employee Clearance Form: Checklist for returning company property and settling outstanding matters

3. CPF Contribution Statement: Final CPF contribution details

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses




















Industries

Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore, covering notice periods, salary payments, leave entitlements, and mandatory retrenchment benefits for eligible employees

Central Provident Fund Act: Legislation governing Singapore's social security system, including requirements for final CPF contributions and payment obligations during employment termination

Companies Act (Chapter 50): Law governing corporate entities in Singapore, including procedures for company closure, directors' obligations during closure, and protection of employee rights during winding up

Insolvency, Restructuring and Dissolution Act 2018: Legislation covering company insolvency procedures, including employee rights during insolvency, priority of employee claims, and treatment of unpaid wages and benefits

Employment Claims Act 2016: Law establishing framework for employment dispute resolution and salary-related claims in Singapore

Notice Period Requirements: Statutory requirements for termination notice or payment in lieu of notice as per Employment Act

Leave and Salary Settlement: Requirements for settlement of pro-rated annual leave, outstanding salary, and other monetary benefits

Retrenchment Benefits: Provisions for retrenchment benefits where applicable, particularly for employees with 2 or more years of service

Company Property Return: Procedures for return of company property and handling of company assets

Post-Employment Obligations: Requirements regarding confidentiality obligations and provision of reference letters

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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