Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

Purchase

24.1	The parties agreed that severance pay was legislated for, and in terms of the Labour Relations Act, the circumstances giving rise to the retrenchment should be taken into account when considering the amount of severance to be paid.

24.2	It is therefore agreed that the Sector would not negotiate a common severance package for the Pharmaceutical Sector, but rather both parties commit to consult and engage effectively at the company/plant level as and when the need arises.