The main objectives of the Termination of Employment Law are:
- to protect all employed persons against arbitrary dismissal and redundancy with the payment of compensation,
- to provide for a minimum period of notice in cases of termination of employment,
- to assist the interested parties including the Government, to study and implement special legal measures to deal with problems relating to redundancy, and
- to establish a Redundancy Fund to which employers pay contributions for the purpose of payment of compensations for reasons of redundancy.