Early Retirement

Early Retirement   The term “early retirement” is widely used in the workplace as it is one of the most common methods by which many employers terminate their employees’ employment contracts. Early retirement offers employers a means by which they are able to propose to certain employees to retire earlier than the company’s work regulations stipulate. Early retirement programs are often utilized to meet employers’ needs, such as cutting labor expenses or the reorganization of a business in order to ensure its long term feasibility. In many cases, employees who have worked for a long time may be tired of their job but will remain in their position until official retirement age because they need severance pay or other benefits before they are willing to leave. The ‘early retirement’ option offers a mutually beneficial solution for both employers and employees […]

Unfair Termination (Part 2)

  Unfair Termination (Part 2)     This article continues on from Unfair Termination (Part 1) by examining various other situations involving termination and discussing whether they are deemed to be unfair by the Supreme Court of Thailand.   5.Case Study 5 – Termination Due to Reorganization of a Business   With regard to termination based on the reorganization of a business, this reason has frequently been used by employers to justify terminating staff when their business was suffering and was in trouble. There are several cases in which the Supreme Court has specified criteria for determining whether a termination for this reason is unfair or not, these criteria are as follows: –If a business suffers financial losses which will mean that the employer cannot operate their business in the long term and as a result it then reorganizes the […]