Can the employment of employees be terminated if the GITI deal collapses?

Canada (Federal), Canada

The following excerpt is from Buckingham v. The Queen, 2010 TCC 247 (CanLII):

There would be a time delay from the time when the GITI deal collapsed and the employment of employees could be terminated. Reasonable notice is required to terminate employment without cause. As Justice Major noted in The Queen in right of the Province of British Columbia v. Ossie Sylvester, 1997 CanLII 353 (SCC), [1997] 2 S.C.R. 315: 1 Employment involves, among other things, a contract between the employer and employee. An employee who is wrongfully dismissed without reasonable notice of termination is entitled to damages for breach of contract. These damages represent the salary the employee would have earned had the employee worked during the notice period, less any amounts credited to mitigation.

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