Company "badge flipped" employees, as of a certain date they no longer work with the former company, but instead work for the new company. In the agreement with the new company, some people will be kept on for a short transiiton period at the end of which they will receive severance specified under the original company's plan. However, if an employee doesn't want to go to the new company they receive no severance. But the original company is technically ending the person's employment, even if they are providing a new job. Is this legal?
2007-07-16 11:19:01 · 3 answers · asked by Jim C 1 in Business & Finance ➔ Corporations
The company was bought out and the new company ha set the rules, if you are union they agreed to them so you have a choice go with the new company and accept the terms or quit and get no severance and no unemployment. The choice is yours
2007-07-16 11:51:56 · answer #1 · answered by Pengy 7 · 0⤊ 0⤋
How do you figure the old company is ending your employment? They didn't. They offered you a job at the new company. It's called employment continuation. Whether or not you want to go is up to you. But if you decide you want to bail you lose out on the severance and unemployment insurance since YOU left your job. This place is offering you continued employment even if it is temporary.
2007-07-16 18:24:11 · answer #2 · answered by Shane 5 · 0⤊ 0⤋
The company can do anything it wants. Unless you're in a union, you're screwed.
2007-07-16 18:28:45 · answer #3 · answered by a s 2 · 0⤊ 0⤋