I was let go in February after 13 years of service in Ontario, received 2 weeks for every year. Just curious what were your severances, where are you based out of (province, state), BU, how many years of service and how many weeks of severance? (I.e. 2 weeks for every year worked?)
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I guess the other point I would make is that they were completely up front during the voluntary exit program. They told everybody point blank that they were sweetening the deal as a bribe to get them to leave by choice. If somebody opted to refuse the bribe, they should not expect the exit package to be equivalent when the exit is no longer voluntary.
In contract law, when an offer is rejected, the contract and its terms are destroyed forever. You cannot simply go back to those terms and reassert them. You can re-propose identical ones, but neither side is bound to the dead offer. That voluntary exit contract was time bound and expired. The question is not whether the new exit terms are similar to those, but are they independently fair.
96 compared to 104 isn't a large percentage difference, but it is... oh, back of the napkin... something like $10-12k after taxes, less "lawyering up" costs. As I said, good job maximizing the exit.
My point is that 96 weeks wasn't really a lowball, and they weren't being disrespectful in offering it. You correctly treated it as a transaction with some wiggle room. Well done.
Now some recent exits really have been lowballed. Those people should absolutely follow your example.
In Ontario there are rules around severance based on age, years of service and position. They got rid of mostly those who could draw a pension. They definitely banked on people just taking what they were offered. 96 weeks opposed to 104 is not a small percent. Especially when they were enticing people in 2020 to leave voluntarily and offered significantly more.
There are factors that affect severance. It depends on your position and age as one of those factors. A 58 year old manager with 10 years will get more than a 38 year old analyst with 10 years. The analyst has a greater chance of finding an equivalent position whereas the managers chances are grim.
I don't know, man... getting a lawyer involved to bump you from 96 to 104 - a few percent - doesn't sound like a lowballed situation. After lawyers fees and less taxes, I mean... it's not nothing. Good for you for maximizing your benefit. But 96 wasn't an insult.
After just over 30 years I got 104 weeks but had to lawyer up to get it. Didn't cost much in the grand scheme of things. Original offer was 96 weeks. They low balled in hopes people who could retire would just take what they were offered.
Yeah... I still have my Voluntary letter. That included ~5 weeks per year and STIP. They were up front that they were sweetening that deal.
Anybody who decided to stay should have understood that severance would never be that high again.
4 weeks per year is nice... but it is not required in any legal sense. If you were offered 3, and it landed in front of a court, the offer would be upheld.
The reason that Enbridge has been historically generous has been to stay out of court. But the Enbridge that has emerged in the last 20 years will test how low that number can get.
It's not that they're malevolent... they are just calculating.
16 years of service, got 18 months pay + 100% STIP. That was quite a while ago, those deals aren't around anymore.
2 weeks per year is a union layoff
Weird only 2 unless thst was in a collective bargaining agreement. Rumour was 4/yr + money for notice and benefits
Most ones let go from old LUG got 3 or 4 weeks per year of service.
At least what I heard.
Canada should be four weeks per year. Never ssign off without consulting lawyer. But it depends on your level age etc