Costco Wholesale Canada Ltd. is a membership-based warehouse club with locations across the country. Known for offering above-average wages in retail, Costco employs thousands in both full-time and part-time positions. Despite its reputation, layoffs or departmental cuts may still occur due to expansion shifts, automation, or corporate restructuring.

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Steps to Take if You’re Laid Off or Offered Severance:

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1. Understand Costco’s Internal Policies

Costco has clear internal HR guidelines for terminations. While they offer competitive severance, it may not always reflect your full legal entitlements under Ontario law.

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2. Review Termination Documentation

Make sure to request a copy of your:

• Termination letter

• ROE

• Final pay statement

• Benefits summary

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3. Confirm Benefits and Pension Impact

Costco offers a defined contribution retirement plan and various benefits. Ensure you understand how these will be handled post-termination.

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4. Consult a Lawyer for Severance Review

If you’ve been with Costco for several years, especially in full-time roles, your severance could be worth much more than what’s initially offered. Contact us today to make sure you get what you are entitled too. 

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FAQs:

• Are part-time employees entitled to severance?

Yes, part-time workers are still entitled to termination pay based on length of service.

• Can I keep my Costco stock or RRSP contributions?

That depends on the terms of your employment and retirement savings program. You may be able to transfer or cash out certain holdings.

• Can I be terminated during a medical leave?

Not without risk to the employer. If you were dismissed while on medical or disability leave, you may have a human rights claim.

• What happens to my membership discount?

This is typically revoked upon employment termination.

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Why Choose Our Firm:

Our firm has extensive experience helping warehouse and retail workers in understanding their rights and negotiating better exit packages. Do not hesitate to contact us for a free consultation today. 

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