A friend of mine is suspecting a layoff due to current market in Toronto. Works at a bank. What kind of severance package do they offer in Canada? Is there a way to negotiate severance? Any guidance is appreciated in this matter

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Get an employment lawyer, that's how you can negotiate... even if it seems fair to you because it is likely not as companies will always give the absolute minimum. I think the minimum is 1 week of every year of service with a max of 24 months.

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Not always, it depends on the relationship with the company

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