Toronto, Ontario, September 23, 2010 - i³DVR International is one of North America’s leading providers of digital video security products. Founded in 1990, it has earned a reputation for flexibility and technological innovation. The company develops software and hardware applications that allow businesses to access information in a more secure and efficient way.
The recent economic downturn had an impact on Canada’s technology industry and i³DVR International was no exception. Grace Baba, General Manager of i³DVR International, explained that “our business suffered a 50 percent decrease in overall sales volume as a result of the recession.”
To limit the financial consequences of the economic downturn, i³DVR International had to come up with a reliable solution. The company decided to consult an employment lawyer who suggested the Work-Sharing program. According to Grace Baba, the company considered the program’s benefits and “applied for it right away.”
The Work-Sharing program is designed to help employers avoid layoffs by offering Employment Insurance income benefits to qualified workers willing to work a reduced work week while their employer recovers. The agreement with i³DVR International began on October 26, 2008, and ended on April 24, 2010, with 29 participating employees. “By being able to retain key staff, the ability to service our customers and provide a quality product remained unchanged,”
said Grace Baba.
Through Canada’s Economic Action Plan, the federal government temporarily improved access to Work-Sharing by increasing flexibility in the qualifying criteria, while streamlining processes for employers. Budget 2010 extends this enhancement. Budget 2010 also put in place an extension of up to 26 weeks (to a maximum of 78 weeks) for employers with active, or recently terminated, Work-Sharing Agreements. Both of these enhancements will be in place until April 2, 2011.