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I have worked in a company for 7 yrs. & 8 mos. but was terminated last week. Reason given to me was my position is being eliminated due to reorganization. They offered me 17 weeks of base salary, less statutory withholdings. The payment will be 7 weeks of pay in lieu of notice and 11 weeks of severance. The proposal is conditional upon signing of both the offer letter and the release. I just want to know if this is a fair deal so I can sign the offer + the release. Thank you.
Call us before you sign any documents. The company's offer is very low unless you signed a binding contract that successfully limits your termination entitlements. You may be entitled to 7 months of pay or more so feel free to contact us at 416-216-5906. Lumi Pungea