We are pleased to share the interview with our partner, Jorge Arredondo, on Agenda Económica, CNN Chile’s business news program, where he discussed severance pay based on years of service.
In this interview, Jorge addressed the proposal currently under review by the Chilean Government to replace the existing severance pay system based on years of service with a universal severance scheme, payable regardless of the reason for termination.
He explained how this proposed alternative would operate, the key differences compared to the current framework, its potential implications for employers, and the challenges this possible reform could present for Chile’s severance compensation system.
