Terms of Reference

Terms of Reference (ToR) for Appointment of a Consultant/Practitioner for Workforce Downsizing 1. Background: Fast Value Global (BD) Ltd. 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. To ensure compliance with Bangladesh labor laws and fair treatment of affected employees, we seek the services of an experienced consultant/practitioner. 2. Objective: The objective of this assignment is to engage a qualified consultant/practitioner to guide Fast Value Global (BD) Ltd. through the downsizing process by providing expert advice on labor regulations, calculating severance packages, preparing legal and compliance documents, and managing employee communication professionally and ethically. 3. Scope of Work: The consultant/practitioner will be responsible for the following tasks:  Regulatory Compliance: Provide expert guidance on Bangladesh Labor Act, 2006, and other applicable laws regarding workforce reduction.  Strategy Development: Assist in formulating a legally compliant and ethical downsizing strategy.  Compensation Calculation: Compute severance pay, gratuity, provident fund, and other entitlements based on labor laws and company policies.  Employee Communication: Draft legally sound termination notices and other communications to employees and relevant stakeholders.  Documentation & Compliance: Prepare all necessary legal documents, including redundancy letters, settlement agreements, and regulatory filings.  Stakeholder Coordination: Liaise with labor authorities, legal counsel, and relevant stakeholders to ensure a smooth process.  Risk Mitigation: Advise on potential risks and best practices to minimize legal disputes and reputational damage. 4. Deliverables: The consultant/practitioner is expected to deliver the following: 1. Legal compliance report outlining relevant labor laws and regulations. 2. A downsizing strategy document with a clear roadmap. 3. Compensation calculations for affected employees. 4. Drafts of termination notices and related employee communications. 5. Compliance documentation, including legal filings and settlement agreements. 6. Advisory report on risk management and dispute mitigation. 7. Final completion report summarizing actions taken and compliance status. 6. Proposal Submission: Interested consultants/practitioners should submit a proposal including:  A brief understanding of the assignment and approach.  Details of relevant experience and qualifications.  Proposed methodology and timeline.  Fee structure and terms of payment.  References from previous similar assignments