PVH laying off staff as part of 2022 streamlining plans

PVH is laying off a number of employees as part of its August 2022 plans to slash staff by 10 per cent globally and reduce overall costs by more than $100 million.

The parent company to Tommy Hilfiger and Calvin Klein stated in a regulatory filing that it’s making “additional headcount reductions under these plans.”

The company anticipates that it will take on $50 million in severance expenses, mostly in the second quarter of 2023.

PVH said that its plans should be completed by the end of the Q3 2023.

PVH did not say exactly how many people were fired or what positions were eliminated.

Termination agreements for PVH Canada employees

In Canada, non-unionized employees and senior executives working for PVH (Calvin Klein, Tommy Hilfiger) are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

LEARN MORE
• Severance for provincially regulated employees
• Severance packages in mass layoffs

WATCH: Employment lawyer Lior Samfiru explains what rights employees have if they are being fired or let go on an episode of the Employment Law Show.

Before you accept any severance offer, have an experienced employment lawyer at Samfiru Tumarkin LLP review it and your employment contract.

We can tell you if what you have been provided is fair and how to get proper compensation if it falls short of what you are actually owed.

If you aren’t given the full amount, which happens often, you have been wrongfully dismissed and are entitled to compensation.

In some cases, employers pressure staff into accepting poor severance packages, such as imposing a deadline for accepting the offer.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue a claim for full severance pay.