Worker re-skilling fund requires prompt employer contributions and electronic transfer to retrenched workers for re-skilling support. A worker re-skilling fund is established for retrenched workers in an industrial establishment. The employer must electronically transfer, within ten days of retrenchment, an amount equivalent to fifteen days' last drawn wages of each retrenched worker into the designated fund. The labour authority must then electronically transfer the amount to each retrenched worker's account within forty-five days of retrenchment to enable re-skilling, and the employer must submit the workers' names, wage-equivalent amount, and bank details to the authority.
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Worker re-skilling fund requires prompt employer contributions and electronic transfer to retrenched workers for re-skilling support.
A worker re-skilling fund is established for retrenched workers in an industrial establishment. The employer must electronically transfer, within ten days of retrenchment, an amount equivalent to fifteen days' last drawn wages of each retrenched worker into the designated fund. The labour authority must then electronically transfer the amount to each retrenched worker's account within forty-five days of retrenchment to enable re-skilling, and the employer must submit the workers' names, wage-equivalent amount, and bank details to the authority.
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