Labour Law

Severance Pay: Conditions and Calculation

Entitlement

The employee must have worked for the same employer for at least one year and the employment contract must end in one of the ways listed in the law.

Calculation

For each full year, severance equal to 30 days of gross dressed wage is paid; partial years are prorated.

This article is for general information only and does not constitute legal advice. Please consult a lawyer for your specific case.