In Canada, how many years you get for each year of service? Do they round to the full year or prorate? And what about unvested RSUs?
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Warning - the statement made about the US severance is not universally true - I was laid off last October/Nov from HQ and my severance was prorated down a year since I was a few months shy of my anniversary. For Canada, search "Conoco Severance Pay Plan" - you should be able to find it in the annual report or on the intranet. The published plan should have the most current details for your region. Good luck to you, being "severed" has had its personal ups and downs for me but overall I am happier to be away from the toxic environment my department had become. Save your money, tighten your belt and keep active with your professional networks - even if it means facing public embarrassment of being the only guy in the room "unaffiliated" when introduced - especially if you want to stay locally and in the same professional field in your next job. As others have noted on this board elsewhere, the market is flooded right now and competition is fierce, highly qualified or not. My last comment, fwiw, is to not be afraid to look outside the box so to speak. It doesn't take a lot of money to start your own business if you decide to go it alone, and it doesn't affect unemployment (US-Texas) to start your own business either, unless you start making money (and then why complain?)
Very unreasonable to think that they would be the same. I vote for ujw' s opinion.
WTF are you talking about. I answered because I knew exactly what the answer was in the US. I experienced it first hand last year. Reasonable assumption is that Canada is same, but I am not willing to say it is with absolute certainty, unlike you.
Why did you answer if you didn't know the answer. I smell a thread takeover.
Don't know about Canada, but in US years years of service for severance calculations are not prorated. Based entirely on calendar year you are hired. Someone hired Jan. 1 of 2010 and let go in 2016 gets credit for the same 6 years of service that someone hired on Dec. 31, 2010 gets. The person hired on Jan. 1, 2011 gets credit for only 5 years even though they worked only 1 day less than the person hired Dec. 31.