Possible RBC layoffs for former HSBC employees: Lior Samfiru with Reuters

Interview Summary

Many Royal Bank of Canada employees have voiced concerns about possible layoffs in the coming months. The bank agreed to keep former HSBC employees for half a year when it acquired the business. Now that the period has come to an end. Employees who have not been given clear directions for their positions now worry they may soon be unemployed.

Lior Samfiru, an Ontario employment lawyer and Co-founding Partner at Samfiru Tumarkin LLP spoke with Reuters to comment on the possibility of layoffs and employer obligations.

Interview Notes

• Employees concerned about losing their jobs: Samfiru stated that his firm had spoken with HSBC employees who were worried about their future with RBC. “It would have been very naive for anyone to think that there’s not going to be significant duplication and a significant loss of jobs over time because of this merger,” Samfiru commented. “There’s a real concern here about future employment.”

Related Resources

For further insights and discussions related to employee rights, explore the following resources:

• RBC Layoffs
• Constructive Dismissals in Ontario
• Layoffs in Canada 2024