the company where i presently work is planning on closing the business & establish a new one, meaning new company name but the nature of business is d same. some of my co workers will be paid separation for their lenght of services, thus some of us will be absorbed to d new company. i need to know if the company must also pay us a separtion for our services on the closed (old) company even if we'll be absorbed on d new company. Legal advise please....
2006-06-07 15:32:12 · 2 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
Did you sign a contract for separatiom pay when you hired on? If not, then they can probably terminate you for no reason, with no notice, and NO MONEY.
2006-06-07 15:39:28 · answer #1 · answered by Thorbjorn 6 · 0⤊ 0⤋
YOu are not eligible for separation pay unless you are 'separated' from the company - if you are keeping your jobs, there is not a basis for a claim for separation pay.
2006-06-07 17:37:07 · answer #2 · answered by Piggiepants 7 · 0⤊ 0⤋