Thai Labour Law Amendments On Retiree Compensation, Statutory Age Expected In Effect Mid Year
The amended Act will see employers be required to pay statutory severance pay to retiring employees. It also sets the statutory retirement age at 60, in the case an employer does not state a retirement age in their internal rules and policies. Kobsak Phutrakun, deputy minister attached to the Prime Minister’s Office, was quoted in Thai media as saying the […]
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