100% acquisition

employee01 · 1 100% acquisition Sat Apr 09, 2011 7:32 pm

employee01

Arresto Menor

Posts : 3
Join date : 07/04/2011

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?

attyLLL · 2 Re: 100% acquisition Mon Apr 11, 2011 11:35 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

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.

employee01 · 3 Re: 100% acquisition Tue Apr 12, 2011 8:25 pm

employee01

Arresto Menor

Posts : 3
Join date : 07/04/2011

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?

attyLLL · 4 Re: 100% acquisition Wed Apr 13, 2011 11:32 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

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

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100% acquisition

1 100% acquisition Sat Apr 09, 2011 7:32 pm

employee01

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

attyLLL

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

employee01

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

attyLLL

5 Re: 100% acquisition

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