ihightower Posted August 4, 2009 Share Posted August 4, 2009 Say I am an employee of a company working with them for 5 years with THB100K per month salary. I read here: Severance payment is 180 days pay for a 5-Year employee http://www.business-in-asia.com/thai_labor_law.htm Say, my company is ending my employment with no problems in my part.. but just purely due to lay off or some economic downturn problems... My employer has to pay THB100,000/30 x 180 = THB600,000. They MUST pay?? or they can get away with it through some other conditions. like giving me 3 months notice before they ged rid off me etc. Actually, my contract says both parties must give 3 months notice before termination. So, if they give me 3 months notice... they do not have to pay severance. Or, do they have to give both 3 months notice and severance. Please let me know. Link to comment Share on other sites More sharing options...
Mario2008 Posted August 4, 2009 Share Posted August 4, 2009 Moved from visa section to business for better responses. Note that there is also a thread on this in the teaching section. Link to comment Share on other sites More sharing options...
Soutpeel Posted August 4, 2009 Share Posted August 4, 2009 Say I am an employee of a company working with them for 5 years with THB100K per month salary.I read here: Severance payment is 180 days pay for a 5-Year employee http://www.business-in-asia.com/thai_labor_law.htm Say, my company is ending my employment with no problems in my part.. but just purely due to lay off or some economic downturn problems... My employer has to pay THB100,000/30 x 180 = THB600,000. They MUST pay?? or they can get away with it through some other conditions. like giving me 3 months notice before they ged rid off me etc. Actually, my contract says both parties must give 3 months notice before termination. So, if they give me 3 months notice... they do not have to pay severance. Or, do they have to give both 3 months notice and severance. Please let me know. Basically Yes....notice period doesnt really come into it, based on the info given...THB 600,000 owed under the law... Link to comment Share on other sites More sharing options...
thaihome Posted August 5, 2009 Share Posted August 5, 2009 Actually I think it will come 591,780 baht. (100,000 x 12)/365 x 180 TH Link to comment Share on other sites More sharing options...
Soutpeel Posted August 5, 2009 Share Posted August 5, 2009 Actually I think it will come 591,780 baht.(100,000 x 12)/365 x 180 TH True....another thing occured to me...if someone is paid out serverance, do they have to pay tax on this amount..??? Link to comment Share on other sites More sharing options...
singa-traz Posted August 5, 2009 Share Posted August 5, 2009 Actually I think it will come 591,780 baht.(100,000 x 12)/365 x 180 TH True....another thing occured to me...if someone is paid out serverance, do they have to pay tax on this amount..??? There is a certain amount that is Tax Free. Link to comment Share on other sites More sharing options...
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