11-10-2020, 11:37 AM
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#221
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broke the first rule
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I know a few people who have successfully gone back to their (former) employers and have basically said "I'll sign this if you give me a higher severance" without lawyering up. This was a few years ago, and was with larger companies who probably planned to have some push back/additional severance awarded. Most would prefer to just award more than deal with lawyers as it's less costly and saves time. YMMV.
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11-10-2020, 12:03 PM
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#222
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First Line Centre
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Quote:
Originally Posted by calf
I know a few people who have successfully gone back to their (former) employers and have basically said "I'll sign this if you give me a higher severance" without lawyering up. This was a few years ago, and was with larger companies who probably planned to have some push back/additional severance awarded. Most would prefer to just award more than deal with lawyers as it's less costly and saves time. YMMV.
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Didn't work for me when I personally called the HR. Was told I was welcome to pay up for a lawyer to initiate it. They played hardball with me, as well as most people. Wasn't worth it as I wasn't there long enough to make a big enough bump relative to the stress and potential cost incurred. So I played my card, they played theirs, their bluff worked.
However a former coworker who had been at same company over 10years also tried that... same response. But he DID get a lawyer involved and after some stalling and more noise they eventually bumped his settlement up. Then he managed to find new work right away so he scored super huge.
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11-10-2020, 12:10 PM
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#223
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Franchise Player
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Quote:
Originally Posted by RichieRich
Didn't work for me when I personally called the HR. Was told I was welcome to pay up for a lawyer to initiate it. They played hardball with me, as well as most people. Wasn't worth it as I wasn't there long enough to make a big enough bump relative to the stress and potential cost incurred. So I played my card, they played theirs, their bluff worked.
However a former coworker who had been at same company over 10years also tried that... same response. But he DID get a lawyer involved and after some stalling and more noise they eventually bumped his settlement up. Then he managed to find new work right away so he scored super huge.
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Did paying out the lawyer more than cover his increased payout?
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11-10-2020, 12:46 PM
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#224
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First Line Centre
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Quote:
Originally Posted by Fuzz
Did paying out the lawyer more than cover his increased payout?
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Although he never told me dollar nor percentage increase, he did say it was well worth the effort no question about it. There were other circumstances that also enabled his argument and supported severance re-evaluation: amount, seniority, age, market, relatively early in Covid, relatively deep pockets at company.
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11-17-2020, 01:31 PM
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#225
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First Line Centre
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Vermilion (VET:TSX) nailed quite a few today. COO gone. Not surprising after they got the band back together. The whole business model was flawed pre-covid. Hard to run a REIT like structure with a rock solid dividend when your FFO is linked to a volatile commodity. The banks are culpable in keeping the charade going even if they made them cut the divvy.
Anyway it'll be curious to see what they do moving forward.
Last edited by Rutuu; 11-17-2020 at 01:57 PM.
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11-17-2020, 01:38 PM
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#226
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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I hate seeing this thread bumped.
Like we dont have enough problems.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
If you are flammable and have legs, you are never blocking a Fire Exit. - Mitch Hedberg
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11-26-2020, 09:11 AM
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#227
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Franchise Player
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Imperial previously announced they would e making cuts, now we know what the numbers will be. 200 layoffs in Canada (out of 6 000) plus they have already eliminated 450 contract positions so I guess that's 650 people without jobs.
An a smaller scale another US service company is exiting Canada as of mid December. 10 people gone but I don't know if that number is Calgary only or if it includes their Edmonton location too.
https://globalnews.ca/news/7484158/c...-oil-job-cuts/
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11-26-2020, 09:21 AM
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#228
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Franchise Player
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What service company?
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11-26-2020, 09:26 AM
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#229
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Norm!
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My family member at Husky who has been there for 30 years expects to lose her job at the end of December with a lot of other people.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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11-26-2020, 09:38 AM
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#230
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Franchise Player
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Quote:
Originally Posted by Weitz
What service company?
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Varel
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01-08-2021, 09:46 AM
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#231
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Powerplay Quarterback
Join Date: Nov 2003
Location: Slightly right of left of center
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heard rumor of an upcoming large layoff at husky. not all husky people I have heard so it'll be a mix of companies.
__________________
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- Aristotle
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01-08-2021, 09:57 AM
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#232
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Franchise Player
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Quote:
Originally Posted by Tiger
heard rumor of an upcoming large layoff at husky. not all husky people I have heard so it'll be a mix of companies.
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Its already started. But a lot of people are supposed to hear on Monday about where they will stand in the new company.
Most (all?) Husky employees are now cenovus employees.
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01-08-2021, 10:03 AM
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#233
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Norm!
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Yeah, I heard that there's going to be a mass exodus next week at Husky as well.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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01-08-2021, 11:09 PM
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#234
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damn onions
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Heard earlier in the week from a CP member in fact that WCP will cut 91 people as part of the NAL acquisition. I’m not sure if that’s before of after including Torc people as well but I don’t think so.
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01-26-2021, 08:26 AM
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#235
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Lifetime Suspension
Join Date: Jul 2012
Location: North America
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01-26-2021, 08:39 AM
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#236
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Franchise Player
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Yep sounds like a friend of mine just got let go. Came over from Husky in the deal (about 11 years there).
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01-26-2021, 10:54 AM
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#237
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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After recent news it doesnt much surprise me.
Theres going to be blood in the streets pretty quick here.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
If you are flammable and have legs, you are never blocking a Fire Exit. - Mitch Hedberg
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01-26-2021, 10:58 AM
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#238
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First Line Centre
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I imagine most of the casualties will come from the Husky side. Unfortunate but inevitable.
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01-26-2021, 11:14 AM
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#239
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#1 Goaltender
Join Date: Oct 2009
Location: North of the River, South of the Bluff
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Quote:
Originally Posted by Yoho
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2000 well paying jobs go poof. Taking taxes the pay and economic impact with them.
They can just get some training and get into green tech though so no worries. Back up and running in a few months.
Abysmal that our Fed gov’t has taken a raw situation and stood idly by. This has real human cost.
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01-26-2021, 11:24 AM
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#240
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Franchise Player
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^this 110%
perhaps someone can start a "I just got hired at a green energy company" thread that will quickly have to the split in the a second and third version, because McKenna tells me they are hiring and oil workers can transition in a week.....
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If I do not come back avenge my death
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