Jun 02, 2016

Know your rights before accepting severance package

With a new wave of layoffs and restructuring at Canadian financial institutions due to slowing growth and changing consumer demands, Toronto litigation and employment lawyer Kevin Fisher cautions those being laid off or demoted to know their rights and entitlements. While Scotiabank is the latest institution to slash jobs, the Globe and Mail reports that over the past year, cuts at the major banks, including TD and CIBC, have been common “as banks continue to respond to a period of economic and technology-driven uncertainty even as profits remain strong.”

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Photo by Patricia Herrero