Jobs / Business

Layoffs/cutbacks/downsizing

When a business is selling less of its products or services, it usually makes less money or loses money. In such times, the business may cut back on how much it produces. This often means fewer workers are required. Some workers may be “laid off” as a result of the “cutbacks” or “downsizing” of the company.The loss of jobs may be temporary or permanent depending on how well the company does thereafter.

Starting a business

Anyone who wishes to is free to try to start a business in Canada so long as it fits within the laws and regulations that govern business activity. Starting a business is not easy, but it can be very rewarding. It is important to have experience and to understand what will be involved. A business needs a good business plan and enough money to support it.A business must also provide a product or service that enough people will want to buy so that the business can make a profit. Learn more

For “regulated” occupations, you will need to have your credentials recognized.This can take time. If so, you may need to find a job in a non-regulated profession while you wait.The Canadian Information Centre for International Credentials (CICIC) (www.cicic.ca) and the Foreign Credentials Referral Office (FCRO) both provide information on Canada’s regulated professions. (www.credentials.gc.ca)

Severance pay

Usually when a worker is “fired without cause,” “let go,” “dismissed,” or “laid off” without notice, the worker will receive severance pay of some amount.The amount will usually depend on how long the worker has been employed at the company. The money is given to help the worker through the initial period of unemployment. Notice periods and severance pay are issues that are determined by provincial or territorial labour legislation. In some instances, individuals can appeal severance, either through a labour tribunal or through a challenge in the courts.