If an employer is reducing its number of employees or in case the business (legal person or partnership) is being liquidated, an employer has to give a notice of termination of an employment contract to the employee one month before, unless the collective agreement or the employment contract specifies a longer time period.

The right to revoke a notice of termination by the employer is subject to agreement by the employee unless the collective agreement or the employment contract has specified such right. The purpose of this norm is to protect employees against unexpected changes in employers' decision.

By agreement between the employee and the employer, an employment contract may also be terminated before the expiry date for the notice of termination.

No specific provisions are made for collective redundancies.