The Workers Party has recommended an insurance scheme to provide a modest payout of 40% of wages to a retrenched worker for a period of six months.
They calculated the cost of the insurance to be 0.05% of wages.
I have calculated the cost to be higher, but it is still affordable, as shown in the attached PDF.
http://www.tankinlian.com/Info/1261/Retrenchment-Insurance
They calculated the cost of the insurance to be 0.05% of wages.
I have calculated the cost to be higher, but it is still affordable, as shown in the attached PDF.
http://www.tankinlian.com/Info/1261/Retrenchment-Insurance
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