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Royal Bank of Canada, the country's largest bank, is buying HSBC Canada for over $13B. Ottawa employment lawyer Alex Lucifero from Samfiru Tumarkin LLP joined CTV News Ottawa to explain rights for employees impacted by this purchase, including severance for HSBC employees, changes made to jobs and duties, and what happens when new employment contracts are issued. • Read more about employee rights with RBC buying HSBC Canada: https://stlawyers.ca/blog-news/rbc-bu... ⚖️ http://EmploymentLawyer.ca 📧 help@employmentlawyer.ca ☎️ 1-855-821-5900 (Toll-free) 0:00 - Interview 1️⃣ RBC Keeping HSBC Workers - 0:21 • A purchasing company doesn't have to employ the workers from the business they are buying. If the buyer doesn't hire an employee, the seller must pay that employee full severance - as much as 24 months' pay. 2️⃣ HSBC workers joining RBC - 1:22 • Tenure or years of service of HSBC workers will continue building when they join RBC, they do not reset. The buyer (RBC) doesn't have the right to make changes to an HSBC employee's job. If they do, the employee can treat their job as being terminated, and get a severance package. 3️⃣ Severance Pay Responsibility - 3:00 • Who pays severance depends on which company the employee worked for before they lost their job during the sale of the company. -------- ► Before you call a lawyer, use PocketEmploymentLawyer.ca to find out if you might have a case: http://bit.ly/Pocket-Employment-Lawyer ► Calculate the amount of severance pay you are owed with the Severance Pay Calculator: http://bit.ly/Severance-Pay-Calculator 📍 Toronto employment lawyer - http://bit.ly/Toronto-Employment-Lawyer 📍 Vancouver employment lawyer - http://bit.ly/Vancouver-Employment-La... 📍 Ottawa employment lawyer - http://bit.ly/Ottawa-Employment-Lawyer 📍 Calgary employment lawyer - http://bit.ly/Calgary-Employment-Lawyer 📺 More about the Employment Law Show here: http://bit.ly/Employment-Law-Show 📺 Watch the Disability Law Show here: http://bit.ly/Disability-Law-Show Twitter: / stlawyers Facebook: / stlawyers / samfiru-tumarkin-llp