BNY Mellon, or The Bank of New York Mellon Corporation, is a U.S.-based financial services company formed in 2007 through the merger of The Bank of New York and Mellon Financial. It is headquartered in New York City and specializes in asset servicing, investment management, and treasury services.

In Canada, BNY Mellon operates primarily through BNY Trust Company of Canada, based in Toronto. The company provides custody, fund accounting, and other institutional financial services to clients such as pension funds and asset managers.

BNY Mellon employs over 51,000 people globally. In Canada, it operates through offices in Toronto, Calgary, and Vancouver. Staff roles include operations, compliance, technology, and client service.

Severance Pay For BNY Mellon Employees

In Canada, non-unionized employees at BNY Mellon are entitled to up to 24 months of severance pay when laid off or terminated without cause—whether full-time, part-time, or hourly.

Want a quick overview on severance pay? Watch the video below or check out the full episode in our TV section.

Key Facts

• Severance pay is calculated using a variety of factors, such as age, position, length of service, and ability to find similar work. Learn more about severance pay in Ontario, Alberta, and British Columbia.
• Severance packages should include salary, bonuses, commissions, and other compensation earned during employment.
• Employees generally have up to two years from the date of their termination to pursue full...

Read Full Story: https://news.google.com/rss/articles/CBMiX0FVX3lxTFBEdkl0YmxVWENIY1NpY0t2U3pm...