Employment Law Show: Ontario – S10 E152

Episode Summary

Who is responsible for severance pay if a company is sold? An employment lawyer at Samfiru Tumarkin LLP answers this question and more on the Employment Law Show. 

LISTEN BELOW to Ontario’s premiere radio show about employment law and workplace rights featuring the province’s leading employment lawyers. You can hear the show live on Mondays to Thursdays at 640 Toronto and 980 CFPL in London at 6:30 p.m. ET, as the hosts take calls from listeners and provide vital answers to employees and employers. 

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Show Notes

• Employee company purchased by a new employer: Employees that lose their job as a result of acquisition are owed severance pay from their previous employer; the seller of the company. Employees that are hired on by the new employer but do not want to accept the offer might be owed severance pay. A new job offer that demotes an employee or reduces pay significantly can lead to an employee receiving their full severance entitlements.
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• Calculating severance pay for employees: Age is a determining factor for employees when calculating severance pay. Elder employees can be owed more severance pay than younger employees as there could be difficulty finding new employment.
• Employee recruited from another company and then let go: Employees that have been induced into a new job and employment and then are let go by their new employer could be owed additional severance pay. Employees in this situation would not be treated as a new employee and their years of service at a previous company must be taken into consideration.

Need an employment lawyer?

• Pocket Employment Lawyer: Before you call a lawyer, use the Pocket Employment Lawyer to find out if you might have a case. 
• Severance Pay Calculator: Discover how much severance pay you should get when you lose your job. Used successfully by nearly 2 million Canadians. 
• Watch our TV Shows: Get further clarity on your rights by watching episodes of our popular TV show.