Panasonic Holdings (Panasonic) is planning to eliminate approximately 10,000 roles as part of a nearly $900-million restructuring.
The electronics giant said in a statement on May 9 that half of the job cuts will affect its Japanese workforce.
In addition to scaling back its staffing levels, Panasonic announced in February that it was reviewing the operational efficiency of its group companies, particularly in sales and back-office divisions.
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It remains unclear if Canadian employees at Panasonic will be let go.
According to LinkedIn, the company has more than 120 workers in the country.
If you’re fired or let go from Panasonic, understanding your legal rights is crucial.
Non-unionized employees in Canada are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
WATCH: Employment lawyer Lior Samfiru delves into severance pay on an episode of the Employment Law Show.
Here’s what you need to know:
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