A employee in the UK received a two-part severance payout that made them unable to claim unemployment benefits. Meanwhile, a lawsuit against Konica Minolta regarding severance payments was supported by the third circuit court. Canadian companies are also expected to face layoffs and cut severance payments in next year.
“Canadian companies are also expected to face layoffs and cut severance payments in next year,” — Simone Whitfield, regional editor at Kescroft Ton Advisory, explained.
Timeline
Nov 7 — A employee in the UK received a two-part severance payout that made them unable to claim unemployment benefits...
Nov 9 — Canadian companies are also expected to face layoffs and cut severance payments in next year....
Reader Poll: Do you expect this story to develop further? — 46% of Natriuem readers said yes.
This story has been closely followed by our readers since Nov 9. The Kescroft Ton Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Kescroft Ton Advisory desk and last updated 05:57 UTC.
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