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Employment law in regards to New owners?


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Old 07-24-2009, 11:23 AM
agent agent is offline
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Default Employment law in regards to New owners?

My company that I worked for over 10 years got bought out and had its name changed, but it is still business as usual. Here's the thing when the new company took over it reset all of us to ground zero when it comes to our vacation time, vacation pay and sick days. We did not get let go from our previous employers and we did not fill out new hire paper work for our new employers. So are they allowed to just screw us like this?In the State of Texas
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Old 07-24-2009, 11:23 AM
Dollar Dollar is offline
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Default Employment law in regards to New owners?

in the US?.........YES this is legal, paid time off is not required and the old company no longer exist. you are a new employee of the new company and their policies now apply.there are some exceptions to this in a FEW (very few) states once vacation is earned it must be paid out. if you happen to be in such a state then your last check from the old employer should have included your accrued time. without knowing where you are a definitive answer can not be given............EDIT:if the employer had a policy to pay vacation time at separation then that must be followed. Texas has a law that addresses your issue in particular.what will be the determining factor is what policy the employer had in place for payment of accrued time at separation. seec) For purposes of §61.001(7)(B) of the Act, the sale of an employer's business is a termination of employment with all of the employer's employees. At the time of termination, the employer becomes liable for the payment of vacation pay, holiday pay, sick leave pay, parental leave pay, or severance pay if owed pursuant to a written agreement or written policy between the employer and its employees. as far as the new employer is concerned what they have done is legal. as noted earlier you are a new employee at a new company, there is no seniority with or benefits owed from, the new company.
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Old 07-24-2009, 11:23 AM
France France is offline
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Default Employment law in regards to New owners?

Yes, they can do this. Benefits are not a mandate legal requirement by law. They can take it away and never get it back.
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Old 07-24-2009, 11:23 AM
Canada Canada is offline
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Default Employment law in regards to New owners?

Absent a union contract or other similar contract you are employees at will, as such, the employer is free at anytime to modify the terms of the contract i.e. vacation time, sick time, or even health benefits , you option is to find new employment, though you would be eligible for unemployment since the employer changed the terms of the scope of your employment
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Old 07-24-2009, 11:23 AM
b2b b2b is offline
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Default Employment law in regards to New owners?

It is..........sorry..........if you don't like it move on..........easy......
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