Sun Life is a Canadian financial services company that offers a range of insurance, investment, and wealth management solutions to individuals and businesses. In addition to short-term disability and long-term disability coverage, the company also provides life, critical illness and mortgage protection insurance.
The company employs more than 22,500 people in over 70 offices across Canada in a variety of jobs, including finance, IT, sales, marketing, customer service, and more.
Sun Life was founded in Montreal in 1865 as The Sun Insurance Company of Montreal, which later became Sun Life Assurance Company of Canada. Over the years, the company has expanded its services to over 20 countries.
Recent layoffs at Sun Life
- December 2011: Sun Life’s new CEO is cutting 800 jobs following losses on some insurance products.
Severance for Sun Life employees
In Canada, employees at Sun Life can get up to 24 months of severance pay when they are fired or laid off from their job. This includes individuals working full-time, part-time, and hourly in Ontario, Alberta, or B.C.
Severance is the compensation a non-unionized worker in Canada receives from their employer when they are fired without cause.
Even if you are fired for cause, it’s very likely that you are still entitled to full severance pay because employees often don’t meet the conditions necessary for this type of dismissal.
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