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Serious insight for serious situations.

Serious insight for serious situations.

There’s more to a severance package than the number of months

A terminated employee’s primary interest is usually the bottom line figure when negotiating a severance package.  With this goal in mind, the termination notice period is often viewed as the driving factor for how much compensation will be received (i.e. more months = bigger package).  However, this viewpoint may be overly simplistic as other factors

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Missing the target: Understanding mass terminations and CCAA protection

Over the last few weeks, the news has been dominated by stories of struggling businesses, including Target Canada Co. (“Target Canada”) and the impending mass termination of its employees. Many of these reports have focused on the (subjectively) small “severance packages” these employees are expected to receive. In Ontario, a “mass termination” is one that

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