PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE

barbie25

barbie25

Arresto Menor

Posts : 8
Join date : 25/01/2012
Age : 38
Location : Taguig City

hi,
our company has just signed ang MOU last Jan.9,2012. this is regarding the purchasing of company.
As per our VP said wala daw magbabago sa title and status ng company.All employees lenght of service daw is continue parin.
Ano po ba yung legal process ng pagbebenta ng 1 company?since magkakaron ng bagong may-ari? diba dapat lahat ng regular employees nito ay bayaran?
lahat po kami ay maraming katanungan ka kalagayan ng company namin.at hindi po malinaw ang mga sagot ng nasa itaas..
sana po ay mabigyan nyo kami ng payo...

attyLLL

attyLLL

moderator

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

if length of service is continued, then separation pay is not required.

barbie25

barbie25

Arresto Menor

Posts : 8
Join date : 25/01/2012
Age : 38
Location : Taguig City

how can we assure that the lenght of our service is still continue? kindly advice where can we confirm this?

attyLLL

attyLLL

moderator

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

write a letter to management

barbie25

barbie25

Arresto Menor

Posts : 8
Join date : 25/01/2012
Age : 38
Location : Taguig City

thanks for your prompt response,
another question po,
ibig nyo pong sabihin kahit magpalit ng name ang company at still continues yung lenght of service di parin po sila obligado magbayad ng employee?

kung sakali man po na mag back to zero yung lengt of service?pano po ang system ng bayaran nun?100% po ba?
since purchase of company naman po sila hindi naman sila nalugi...

attyLLL

attyLLL

moderator

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

change of name is a bit tricky. if they bought the shares, or just changed name, then tenure continues.

if there was no merger, but let's say a purchase of goodwill, brands and equipment, then the employees can be hired by the new company as new probees, but they can claim separation pay from the previous employer.

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PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE

1 PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE Wed Jan 25, 2012 3:14 am

barbie25

2 Re: PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE Fri Jan 27, 2012 8:42 pm

attyLLL

3 Re: PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE Fri Jan 27, 2012 10:21 pm

barbie25

4 Re: PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE Sat Jan 28, 2012 12:00 am

attyLLL

5 Re: PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE Sat Jan 28, 2012 12:58 am

barbie25

6 Re: PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE Thu Feb 02, 2012 9:40 pm

attyLLL

7 Re: PURCHASING OF ONE COMPANY..WILL THEY PAY THEIR EMPLOYEE

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