Is the sentence using "off" correct?

The company is giving all employees off on 1 December every year.

Is the sentence correct ?

Thanks.

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The company gives all employees a day off on December 1 each year.

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Also:
“The company gives all employees the day off on December 1 each year.”

In a very informal situation, such as the employees just standing around talking, you might hear something like the original.
“The company is giving us off on1 December.”

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