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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » 100% acquisition

100% acquisition

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1100% acquisition Empty 100% acquisition Sat Apr 09, 2011 7:32 pm

employee01


Arresto Menor

hi, my company was recently acquired by another company. the new company did not pay the tenure employees any separation pay for our tenure in our previous company and now the employees has filed a case against the company. is it alright to resign even with a pending case? will that employee still get his/her separation pay from the filed complaint/case?

2100% acquisition Empty Re: 100% acquisition Mon Apr 11, 2011 11:35 pm

attyLLL


moderator

yes, because, the right to separation pay accrued.

note that in merger, the surviving company absorbs or the employees but the employer-employee relationship was never severed.

https://www.facebook.com/BPOEmployeeAdvocate/

3100% acquisition Empty Re: 100% acquisition Tue Apr 12, 2011 8:25 pm

employee01


Arresto Menor

thanks!

question, if a company gets acquired, are all current employees entitled for a separation pay? or are there any rules that require the new owner/company to pay the tenure employees for a separation pay?

4100% acquisition Empty Re: 100% acquisition Wed Apr 13, 2011 11:32 pm

attyLLL


moderator

it depends on the matter of acquisition. merger, purchase of shares - the company remains as a going concern and will just continue tenure.

https://www.facebook.com/BPOEmployeeAdvocate/

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