That Story of Sears Canada Employees Not Getting Severance Pay Because of the Bankruptcy
Financial Management

That Story of Sears Canada Employees Not Getting Severance Pay Because of the Bankruptcy

While this is not too surprising Sears is one of the latest retailers who have filed for bankruptcy here in Canada. As a result this means thousands of people will be out of work. The part of this story that seems to be prevalent is how no one will be getting any form of severance pay due to the fact that the company is going bankrupt. In a regular daily business situation though people would.

This kind of made me think how when it comes to things like job security and having money for when things like this happen you should always be looking to somehow invest your money to accumulate more in a sense. It’s a little too late such as trying to save for when the situation actually happens. It kind of makes me think too how even employees should try to do some kind of part time business even if it is something small such as making and selling arts and craft.

You just never know like this where a company could just close its doors. Therefore it’s better to at least have some kind of option. With the part time business as an example you could still try and look for another job if you desire while at least having something. Who knows as maybe you can go full time with it too afterwards out of necessity.

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