Thread regarding Imperial Oil Limited layoffs

PIP severance

If someone is NSI’d and laid off in the future based on PDS process, do they get the same severance as folks now as long as they’ve agreed not to sue?

I.e ~1 month per year of service plus keep your pension (lump sum) and keep your RSU’s. ?


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Post ID: @OP+1kmbzzcdj

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Severance amount is typically 3.8-4 wks per yr for those PIPed out from what I have heard over the years. Not sure about RSUs but I'd be surprised if you kept them.

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Post ID: @pq+1kmbzzcdj

the company can’t touch your accrued pension whether PIP-PIL, quit, or termination. And the company doesn’t force a lump sum payment vs continuing DB later.

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Post ID: @db+1kmbzzcdj

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