as far as I know..

If you are in union, they normally have so called collective agreement with the company, under which there is normally some limitation about laying off employees. If you do get laid off, there should be severance pay, normally, 1 month basic salary for each year of service. For example, ground handling staff of an airlines normally have this kind of protection.

If you are in management, bad news. You will not be protected. Ther termination notice, etc is purely based on your contract (did u read it again?). There is not necessarily any compensation. However, if you boss is a nice person, he could still pay you some amount (maybe up to 2 months salary?) out of good will.

Hope this helps.

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