The rules on severance pay in detail

An employee whose employment has been terminated by the employer after at least two consecutive years of work for reasons other than misconduct (e.g. redundancy or poor performance) is entitled to a severance payment in the amount of one third of the average monthly salary paid to the employee in the three months before termination, for each consecutive year of employment with the employer.

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Author: Divjak, Topic & Bahtijarevic

Date: December 2019