Add Comment Question: I have worked for my company for almost 20 years. I am 56 years old. The company assets are being sold and the company is closing. I have been told that they will give me 8 weeks severance (based on their small payroll). Is this true? Answer: You are owed 18-24 months of termination pay and the company's size does not reduce your entitlements. Call us to plan next steps, this is a matter that could resolve quickly if we send a letter on your behalf. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.