An employment contract can be terminated by both parties, provided either party gives a statutory notice under the General Labour Act. If the employee fails to submit a 30-day notice, they must pay 90 days worth of salary to the employer. The employee may also terminate without notice by paying in lieu of notice.

There is no mandatory notice period for jobs in Bolivia, but there must be within a reasonable time before terminating a job entirely. For probationary employees, the notice period is from 2 – 7 days. While regular employees have a notice period of 1 – 3 months.

Severance pay

The severance pay is given with a minimum of five years of service. The pay is the monthly salary multiplied by the number of years of service. The first three months of probation are deducted from the severance pay.