This MWKA Online Talk was delivered on 13 April 2020 by Ms Diana Cheak and Ms Janessa Kok and moderated by Mr John Chan. Please visit https://mahwengkwai.com/talks-signup/ to register for upcoming talks.
OVERVIEW: Is your business in financial distress because of the Covid-19 pandemic and the Movement Control Order (MCO)? As a result of the MCO and the current economic situation, many companies are experiencing severe cash flow difficulties. In order to survive this financial winter, employers are looking for ways to reduce expenses particularly the payment of salaries to employees. In this online talk, our speakers addressed the legal guidelines and requirements to be considered by employers in a retrenchment exercise during the Covid-19 pandemic.
TOPIC: Retrenchment during the Covid-19 Pandemic
● Options available to employers
● Employer’s rights and obligations
● What is retrenchment?
● How to justify retrenchment
● The retrenchment process
SPEAKERS: Diana Cheak (Senior Associate), Janessa Kok (Associate)
MODERATOR: John Chan (Senior Associate)
A copy of the talk slides in PDF format is available for download here.