Faro Newsletter June 2020 (Part 2)

ISSUES BUSINESSES MAY FACE TO WHEN REDUCING PERSONNEL

The reduction of personnel is undesirable for any business but in necessary situations it must happen. Let Faro Vietnam point out the issues that businesses may face to when reducing personnel:

The process of terminating labor contracts is unreasonable, causing negative disturbances in the organizational structure, badly impacting on production and business activities
Failure to consider the psychological factors of the employee leading to severe psychological impact and possibly causing bad consequences for the employee.
Failure to fully understand the responsibilities of the employer when terminating the labor contract with the employee, resulting in failure to meet the requirements on notice period, not knowing the amounts payable to the employee under law, which may affect the brand and reputation of the business and may face to the risk of litigation.

To assist businesses in solving the above-mentioned difficult situation, Faro Vietnam is ready to provide support services before, during and after the staff reduction process. These services not only focus on the benefits of the business, but also help the business to support unemployed find a new direction in their career for a better life!