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Termination Letter Due To Slow Business for New Zealand

Termination Letter Due To Slow Business Template for New Zealand

A formal termination letter template designed for use in New Zealand business contexts where redundancy is necessary due to economic downturn or reduced business activity. This document complies with New Zealand employment law requirements, including the Employment Relations Act 2000, and incorporates necessary elements such as notice periods, final payment details, and support measures. It provides a structured approach to communicating redundancy decisions while maintaining professional standards and meeting legal obligations for fair process and good faith dealings.

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Termination Letter Due To Slow Business

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What is a Termination Letter Due To Slow Business?

The Termination Letter Due To Slow Business is a critical document used in New Zealand when businesses need to reduce their workforce due to economic challenges or decreased business activity. It serves as an official communication tool that must comply with New Zealand employment law, particularly the Employment Relations Act 2000 and related legislation. This document is typically used during business restructuring, economic downturns, or when market conditions necessitate workforce reduction. It must include specific elements such as the reason for termination, notice period, final payment calculations, and any support measures being offered. The letter should be drafted with consideration for both legal compliance and maintaining professional relationships, as it may have implications for future reference checks and potential legal scrutiny.

What sections should be included in a Termination Letter Due To Slow Business?

1. Letter Date and Address Block: Current date and full contact details of both employer and employee

2. Formal Greeting: Professional salutation addressing the employee by name

3. Business Context: Clear explanation of the current business situation and economic circumstances leading to the decision

4. Termination Decision: Clear statement of the redundancy decision and effective date

5. Notice Period: Specification of the notice period and last working day

6. Final Pay Details: Overview of final payment including salary, holiday pay, and other entitlements

7. Company Property: Instructions regarding return of company property and handling of work materials

8. Support Measures: Description of any support being offered (e.g., career transition assistance, references)

9. Next Steps: Clear outline of immediate next steps and important dates

10. Closing: Professional closing with contact information for questions and signature block

What sections are optional to include in a Termination Letter Due To Slow Business?

1. Outplacement Support: Details of career transition services if being offered by the company

2. Garden Leave Provisions: If applicable, terms of garden leave during notice period

3. Reference Provision: Specific details about providing references if agreed

4. Continuation of Benefits: Information about any benefits that may continue post-employment

5. Non-Disclosure Reminder: Reminder of ongoing confidentiality obligations if relevant

6. Transfer of Duties: Instructions for handover of work if required

What schedules should be included in a Termination Letter Due To Slow Business?

1. Schedule A - Final Payment Calculation: Detailed breakdown of final payment including salary, holiday pay, and other entitlements

2. Schedule B - Company Property List: Itemized list of company property to be returned

3. Schedule C - Support Services Details: Detailed information about outplacement or other support services if offered

4. Appendix 1 - Handover Checklist: Checklist for completing handover of duties and responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Publisher

Ƶ

Document Type

Termination Letter

Cost

Free to use
Relevant legal definitions















Clauses















Relevant Industries

Manufacturing

Retail

Professional Services

Technology

Construction

Hospitality

Financial Services

Education

Healthcare

Transportation

Mining

Agriculture

Real Estate

Media and Entertainment

Telecommunications

Relevant Teams

Human Resources

Legal

Executive Leadership

People and Culture

Operations Management

Administration

Compliance

Industrial Relations

Relevant Roles

Human Resources Manager

HR Director

Business Owner

Managing Director

CEO

Operations Manager

Department Head

HR Business Partner

Legal Counsel

People and Culture Manager

General Manager

Regional Manager

Chief Operating Officer

HR Administrator

Company Secretary

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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