Thread regarding Imperial Oil Limited layoffs

Just wanting to keep this post active. Make sure that you review your severance document with a lawyer before signing it.

Just heard a story, the company also offered 1 month/ year when separating someone that got involved in irregularity (ended up separated without a cause despite violating company policy because the company doesn't want to litigate/risking the policy got scrutinized).

15 weeks for 5 years of experience (3 weeks per year of service). This is the standard they offered in 2020 during the Canada Study, but for a company that "doesn't do layoffs"....

@f9 Because the under performer is a risk to potentially claiming discrimination or wrongful termination.

Everyone getting laid off together is less of a legal risk.

So an underperformer being separated just last month got 1 month per year while I am being offered 3 weeks, potentially 2.5 weeks if taking benefits (pension+saving) into consideration. f*** this POS of company

@d0 that makes no sense. Were you an experienced hire?

You should be getting at least 3 weeks per year of service at the company.

Severance estimate at just over $110K for 19 years of service… I guess everyone is going to get sc--wed until the very end. If these were done by the EM team in Argentina, then I’m not surprised as they always mess up our Payroll anyway.

I read that in court cases severance calculations typically were based on total compensation (salary+benefits). If we add our base plus pension and saving account, that should add approximately 20% to our total compensation. Based on this my number is closer to 2.6-2.7 weeks per year of service. It's really on the lower end.

@bd not good old days, I was asking about the people who just let go last month. Seems like you are not very well informed.

@b9 probably because it's already maxed out for you. EI and CPP are capped at certain amounts, can check on CRA for the latest numbers (adjusted by inflation every year)

@as Also, IOL isn’t magically going to increase their costs by 20 % just because everyone thinks they’re entitled to a month per year because of a buddy who got canned in the good old days.

Some people in unique situations can probably get more, but as you say - juice has to be worth the squeeze of legal fees.

@b3 I was part of suncor layoffs.
Only income tax was deducted from monthly severance. Not cpp or ei.

@av you got a large severance almost half a million, how many weeks per year of service is it?

@b1 all normal deductions apply. Recall EI and CPP1/2 capped at certain amount. Those severed will have options get lump sum right away or defer to the following year (to minimize tax burden if you get severed towards the year end).

Is 3 weeks based on base salary only? Or 3 weeks based on bonus and RSU?

Any idea what all the deductions would be? Just federal tax? Or does ccp and ei come off too? Anything else?

@ay about 3.4 weeks per year of service for 15 year

@av approx. how many weeks per year of aervice?

@ag are we actually getting less than people who were PIPed/severed due to low performance/NSI?

@av i ama decently high CL though.

For discretion won’t share exact number or CL.

23-28 years
$430-490k

Common law norms are capped at 24 months except for exceptional circumstances. Anyone offered less than 4 weeks per year could probably get there with a lawyer but make sure the juice is worth the squeeze (lawyer fees)

18 months for 25 years loyal service. Cheap f’krs.

@ap always a good idea to talk to a lawyer

My severance is 3 wks per year of service, and I have less than 10 years with the company. I did some quick chapGPT, and it says common law might grant me 6-8 month based on my experience and weak labor market. Is this a good package? Should I find a lawyer to challenge it?

Over 30 yrs and only 18 months.

3.3 weeks per year of service.

Must be capped at 18 months cause I got friends closer to 20 and 25 at approx 18 months? Anyone 30ish that got 18 months to?

Roughly 3.5 weeks per year

Between 20-25 years of service - 1.5 years severance

Does anyone know how this severance compared to the recently PIPed/severed people?

EM/USA people please withhold your comments, Canada has different labour law and our salary is only 60-70% comparable US positions.

WTF 10 years and only slightly more than 30 weeks.

Approx. 3 weeks per year of service for me. Been with the company for <5yrs.

Just don’t share exact numbers. Be pretty easy to narrow down who you are by the company if you had exact numbers.

And yes they will look at social media and internet boards in situations like this.

I think it’s one month per year of service!

You wanna really depress others? Then don't forget to include your CL level.

Is it really a great idea to share all this info though? It could be used for reference by other company recruiters which you'll be negotiating with shortly.... Jus sayin.

@a3 are you HR or management trying scare off people? Want to sc--w your coworkers even more?

@OP I would personally advise against sharing any of this. Other estimates will mean nothing to your specific situation. I would however, advise to just spend a few hundred bucks and clear conflict with a lawyer. Have them review it if you feel you need the interpretation.

Still haven't received mine, HR said that communication is out starting today and trickles through the weekend. Meanwhile taking a crash course on employment law with the help of chatgpt.