2015 LABOUR AMENDMENT (i) (ii) (iii) (b) (c) to the works council established for the undertaking; or if there is no works council established for the undertaking or if a majority of the employees concerned agree to such a course, to the employment council established for the undertaking or industry; or if there is no works councilor employment council for the undertaking concerned, to the Retrenchment Board, and in such event any reference in this section to the performance offunctions by a works council or employment council shall be construed as a reference to the Retrenchment Board or a person appointed by the Board to perform such functions on its behalf; and provide the works council, employment councilor the Retrenchment Board, as the case may be, with details of every employee whom the employer wishes to retrench and of the reasons for the proposed retrenchment; and send a copy of the notice to the Retrenchment Board. (2) Unless better terms are agreed between the employer and employees concerned or their representatives, a package (hereinafter called "the minimum retrenchment package") of not less than one month's salary or wages for every two years of service as an employee (or the equivalent lesser proportion of one month's salary or wages for a lesser period of service) shall be paid by the employer as compensation for loss of employment (whether the loss of employment is occasioned by retrenchment or by virtue of terrnination of employment pursuant to section 12(4a)(a), (b) or (cl), no later than date when the notice of termination of employment takes effect. (3) Where an employer alleges financial incapacity and consequent inability to pay the minimum retrenchment package timeously or at all, the employer shall apply in writing to be exempted from paying the full minimum retrenchment package or any part of it to(a) the employment council established for the undertaking or industry; or (b) if there is no employment council for the undertaking concerned, to the Retrenchment Board: which shall respond to the request within fourteen days of receiving the notice (failing which response the application is deemed to have been granted). (4) In considering its response to a request for exemption in terms of subsection (3) the employment council or Retrenchment Board- (a) shall, where the employer alleges complete inability to pay the minimum retrenchment package, be entitled to demand and receive such proof as it considers requisite to satisfy itself that the employer is so unable, and if so unable on the date when the notice of termination of employment takes effect. may propose to the employer a scheme to pay the minimum retrenchment package by instalments over a period of time: 121 No.5