Transitional compensation on business termination

23 June 2020 - By the introduction of the Work and Security Act (Wwz) as of 1 July 2015, the whole of (employment law) the Netherlands has become acquainted with the transition payment. The bottom line is that the employer owes the employee compensation if the employment contract has come to an end on the employer's initiative or because of her seriously culpable act or omission. Until January 1, 2020, the condition was that the employment contract must have lasted at least 24 months, but from that date the transition payment is due from the first day of employment.

Want to know more?

Would you like to know more about compensation for the transition payment (in case of company closure)? Please contact your contact person at Mazars or Jeroen Belderok of Pellicaan Advocaten by e-mail or by phone: +31 (0) 88 627 22 26. They will be happy to help you.

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Strategische alllianties

Strategic Alliances

Mazars has strategic alliances with Praxity and Pellicaan Advocaten.