If you work for a company in dire financial straits, then insolvency layoffs are a reality, as is a bankruptcy. You will want to read this article carefully so you understand your rights.
A termination is legally different from a layoff. Yet these terms are often used interchangeably. The legal implications, as well as your entitlements are different depending on the strategy your employer has taken. How do you confirm your layoff is not a sham being used to swindle you out of these entitlements? Find out.
Employers have very little leeway to fire you without adequate compensation. There are many legal instruments that discourage them from doing so for trivial reasons or for false and unproven accusations. Our laws inflict severe penalties on employers who pursue such allegations and then miss the mark. Ontario employees can take comfort that the law is firmly on your side in this matter.
You have just been let go by your employer. This is going to impact you financially and without doubt, you are in for a stressful period ahead. If they offered you Notice and Severance, it is time to take a very close look at the details. These payments represent a financial bridge until you are employed again. In order to make sure you do not leave money behind, you need to understand your legal entitlements.