When it comes to long serving employees, the statutory amounts should never be overlooked and employers are required to provide a more generous severance package than what is required by employment standards legislation. (toronto-employmentlawyer.com)
Moreover, a number of the lawyers joining the administration will receive generous severance packages from their previous employers, which will cushion the blow of pay cuts. (legalblogwatch.typepad.com)
Some workers were not as dismayed, saying the company was offering generous severance packages. (nytimes.com)