Severance Packages for Ennis Fabrics Employees

In Canada, severance for non-unionized Ennis Fabrics workers is based on common law, which looks at factors such as:

• Your length of service
• Your age
• Your position, seniority, and scope of responsibility
• The availability of comparable jobs in the market

Depending on these factors, Ennis Fabrics employees in Canada can receive up to 24 months of severance pay under common law.

Ennis Fabrics may present a “standard” package that:

• Offers only ESA minimums (far less than common law entitlements)
• Ignores RSUs, stock options, ESPP and long-term incentives
• Under-values commissions or variable compensation
• Gives a short deadline (e.g., 5–10 days) to sign

This is why you should never assume Ennis Fabrics’ first offer is fair. Having a severance package reviewed is often the difference between a few months of pay and potentially up to 24 months of total compensation.

Quick Starting Point: Use the Severance Pay Calculator to estimate what Ennis Fabrics may owe you before you sign anything.

Potential Issues With Ennis Fabrics Layoff Notices

Common problems we see when employees in Canada are laid off include:

• Incorrect severance calculations that only consider ESA minimums
• Insufficient notice relative to your years of service and seniority
• Temporary layoff language used without a clear contractual right to do so
• Unclear handling of RSUs, stock options, ESPP and bonuses
• Short deadlines designed to pressure quick acceptance
...

Read Full Story: https://news.google.com/rss/articles/CBMiY0FVX3lxTE9BczgwVXNhc2F3cjVZUXJaMTZE...