Any idea on lay off severance will help plan in case it happens. Someone just 3 year old in company.
Thanks
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In Canada you will get more if you lawyer up. Court decisions are one month per year of service, minimum 3 regardless of tenure. Max about 24. Cargill is using the US based 12 month max in Canada but you WILL get more by getting a lawyer if you are longer service very easily. The US policy is meaningless outside the US.
It’s 2 weeks per year of service, and they’ll typically set a minimum with the max now being 52 weeks/1 year of pay. The actual severance policy is on the Cargill intranet page. Just type in severance in search.
Anyone knows about canada?
Do they also pay minimum 8 weeks like US?
This lsst round in USA its a min of 8 weeks or one week for every year of service up to a year max. If this doesn't change that's what it was. The last one got everything vested as well as partial bonuses being paid in july since they worked 60% of the year they will get 60% of whatever they would have been getting had they not been cut. Hope that helps but the chnages to documents i think happen annually so it could change in June
In canada?
Varies by country but if in the US just search “severance plan” in Cargill Connects for information