Im currently working in a BPO company and that our program/account im with right now will not renew the contract with my company. The company already informed us through writing that while some positions might be needed for a different account, some needs to be retrenched.
1. After our last work date as stated on the document, how many days can we get our Separation pay?
2. Is the Separation pay Taxable?
3. Is it really true that there would be a hiring freeze for the positions that were retrenched?
4. My contract has a non-compete clause, will this be invalidated right after we get retrenched?
Your help/advice is greatly appreciated...
Thanks in advance!