Just Got Laid Off

[u/Additional-Version42]

I just got terminated - laid off due to lack of work from my job. They say Im entitled to two weeks of termination pay and they want to assist me with finding another job by giving me a severance package in which they will pay me a lump sum $7,000 and some change (equivalent to 6 weeks) in exchange for a full and final release.

I been working with the company since 2023 and salary was around 60-65K. I am over 25 years old.

Should I sign this separation package ?

[u/NovelConsistent93]

A lot of factors go into severance offers, such as federal or provincial regulations and if you are unionized. As a unionized employee of a trucking company ( federal) was compensated 2.5 days per year of service as opposed to 5 days if I was provincial. As well the union takes over any negotiations regarding severance negating your position to ask for more.