Capital Power looking to reduce Canadian corporate workforce by 25%
What’s going on at Capital Power?
Capital Power is looking to reduce its corporate workforce in Canada by at least 25 per cent, or approximately 130 positions.
“On October 24, 2024, [we] announced the rollout of the voluntary departure program,” the Edmonton-based power generation company said in its Q3 2024 earnings release.
“[The program] is part of a strategic organizational review to optimize the organization to scale and grow efficiently, inclusive of decentralizing corporate functions, reducing headcount in certain areas and expanding in key growth areas.”
Capital Power added that staff interested in participating must let the company know by Nov. 7.
Should I accept a voluntary severance package?
The short answer is no. Non-unionized employees in Canada shouldn’t accept a voluntary severance package before speaking with an experienced employment lawyer at Samfiru Tumarkin LLP.
In some cases, individuals could be owed far more compensation if they are fired by the company, or let go involuntarily.
ADDITIONAL RESOURCES
• Should Albertans negotiate their own severance packages?
• Negotiating severance in BC: What employees need to know
• Should I negotiate my own severance package in Ontario?
If you’re a non-unionized employee, check out our Capital Power Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
📺 WATCH: Everything You Need to Know About Mass Terminations
Lost Your Job? Get Help Now
📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.
If you’ve lost your job at Capital Power for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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