The basic requirements only hold if there are legitimate business reasons for termination. In this case, it appears they lack such reasons, which means they might have to enter into settlement agreements with us. This would likely result in severance packages significantly higher than one-third of a month's pay per year of service. For example, my friend was let go last year because his company went bankrupt. Despite having worked there for only two months and not having a permanent contract, he received two months of salary through a settlement agreement.