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I’ve been working for the same company for 22 years and I believe it’s going out of business soon and asking the question would I receive severance pay??

Even if the business closes, you are still entitled to your severance pay. Based on your 22 years of service your entitlements are likely significant. I have copied for you below a link to our severance pay calculator which can provide you with a range of your potential entitlements upon the termination of your employment.
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