When businesses change ownership, employees are usually just happy to hear that they aren’t immediately losing their jobs. However, change of ownership can have far reaching consequences on an employee’s severance entitlements.
There are two methods in which a business can change hands:
- If the company is established as a
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All employees have “legal contracts” with their employer, whether they are realize it or not. Many employees do not have written employment contracts with their employers, while others do. For those employees bound by written employment contracts, there can be several legal obligations and rights that govern the employment relationship … Continue reading