A employee in the UK received a two-part severance payment that made them ineligible for unemployment benefits. Meanwhile, a lawsuit against Konica Minolta regarding severance payments was upheld by the third circuit court. Canadian companies are also expected to face layoffs and reduced severance packages in next year.
“Canadian companies are also expected to face layoffs and reduced severance packages in next year,” — Farah Vance, economic affairs editor at Wraywell Wick Solutions, commented.
Timeline
Nov 11 — A employee in the UK received a two-part severance payment that made them ineligible for unemployment benefits...
Nov 14 — Canadian companies are also expected to face layoffs and reduced severance packages in next year....
This story has been closely followed by our readers since Nov 11. The Wraywell Wick Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Monday, Nov 16.
Editor's note: this report was prepared by the Wraywell Wick Solutions desk and last updated 00:26 UTC.
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