Name of the Company: | Fast Value Global (BD) Ltd.
Address: | Rupayan Battala, Zamgora, Zirabo, Ashulia, Savar,Dhaka-1341,Bangladesh
Reason of Termination: | Company is facing a significant business downturn due to the loss of a major buyer. As a result, the company must undertake a workforce downsizing process to align operations with the current business reality
Salalry Details | Joining Date (MM/DD/YYYY) | Cut-off date | Duration of service | % eligible to receive Compensation | Current Wages | Payable Retrnchment Compensation amount in BDT | Remark
NAME | DEPARTMENT | POSTION | Status | Gross | Basic | IN USD
1 | Tarikul Hasan Chowdhury | Office | Manager (Production, Sourcing & Supply Chain Control) | Corporate | 6/7/20 | 4/15/25 | 4.86 | 5.00 | 114,000 | 68,400 | 342,000 | 2,850
2 | Md. Imam Hossain | office | Executive-Accounting & General Affairs | Corporate | 5/16/17 | 4/15/25 | 7.91 | 8.00 | 43,000 | 25,800 | 206,400 | 1,720
3 | Md. Bahar | QC | Senior QC | Labour | 12/16/15 | 4/15/25 | 9.33 | 9.00 | 16,785 | 9,557 | 86,013 | 717
4 | Monir Hossein | QC | QC and Dispatching | Labour | 4/16/17 | 4/15/25 | 8.00 | 8.00 | 15,420 | 8,647 | 69,176 | 576
5 | Billal Hossain | QC | QC and Dispatching | Labour | 11/16/17 | 4/15/25 | 7.41 | 7.00 | 14,273 | 7,882 | 55,174 | 460
6 | MD. Monir Hossen (2) | QC | QC and Dispatching | Labour | 2/16/18 | 4/15/25 | 7.16 | 7.00 | 14,273 | 7,882 | 55,174 | 460
7 | MD. Salim | QC | QC and Dispatching | Labour | 3/16/18 | 4/15/25 | 7.08 | 7.00 | 14,273 | 7,882 | 55,174 | 460
8 | Md. Rafiul Islam | QC | QC Assistant | Labour | 7/16/24 | 4/15/25 | 0.75 | 1.00 | 12,500 | 6,700 | 6,700 | 56
9 | MD Jamear | Loader | Direct Labour | Labour | 7/16/24 | 4/15/25 | 0.75 | 1.00 | 12,800 | 6,900 | 6,900 | 58
Total | 257,324 | 149,650 | 882,711 | 7,356
Rules:
1. Company need to serve notice before 120 days of termination.
2. Terminated staff will be entitled to receive a basic salary compensation for each year completed
3. Every staff shall be paid for unused paid leave balance.