16 Nov Uncertain Political & Economic Climate
Many small and mid-size businesses in Canada are being negatively affected by the uncertainty with tariffs and the current impact this is having on their business either directly, or as a trickle down effect from one of the larger industries hit hard by the tariffs.
Many employers are nervous about how long the slowdown in their respective industry will last. For many business owners who have never faced the need to restructure their staffing needs, they are financially forced to find a viable solution.
At KCY at LAW we have the expertise to provide legal guidance that will help guide you through the decision making process and what would be best for your business. In Ontario, the legislation provides an employer with an opportunity to lay off their employees on a temporary basis for a period up to 13 weeks in any 20 week period, or even further into the future lay off their employees for a period of 34 weeks in any 52 week period. These options may help you to weather a short-term downturn in your business while allowing you to retain your skilled and valuable employees.
If you have been thinking about how to address the current slowdown in your business, reach out to our law firm at KCY at LAW and we can arrange for you to speak with Kathy Chittley-Young who can provide you with sound legal advice and suggest a plan to best address your needs.
Please contact KCY at LAW by filling in an online consultation request or contact us by phone at 905-639-0999 to book your consultation today.