Bombardier Inc. T.BBD.A

RE:RE:RE:Severance 6 months pay for each year

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Ontario Labour code
 

Amount of Severance Pay

To calculate the amount of severance pay an employee is entitled to receive, multiply the employee's regular wages for a regular work week by the sum of:

• the number of completed years of employment;
  and
• the number of completed months of employment divided by 12 for a year that is not completed.

The maximum amount of severance pay required to be paid under the ESA is 26 weeks.