Arrivederci* yes, but on good financial terms!
In Italy, regardless of the reason for termination of the contract, employees are entitled to severance pay, even in cases of resignation.
How? Thanks to Trattamento di Fine Rapporto (TFR). The mechanism is simple: each year, the employer sets aside a portion of the salary (around 7.5%). Thus, TFR is considered as full-fledged compensation… with the difference that it is paid out at a later date.
It can be received either upon termination of the employment contract or partially in advance if an employee has at least 8 years of seniority and a personal situation requiring financial assistance (purchase of property, medical care, parental leave…)
In France, it’s a different story. Payment of severance pay is not automatic: its contents vary depending on the type of contract (permanent, fixed-term, temporary) and the circumstances of its termination (dismissal for cause or economic reasons, resignation…).
To navigate through this, just ask us, feel free to give us a call!
*Goodbye
*Hello
