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If your company is aquired by another company, is there any possible way you lose your vacation time accrued?
The company I work for was recently aquired by another and the WARN act was activated. I think I understand how this Act applies in the state of Texas by giving me employment (or pay should my services not be needed) through the 60 days from aquisition notification. But does this new company have to honor your accrued vacation time you did not take should they let you go early.
Also...sorry...my Anniversary date was November 4th. I turned my portion of my review over to my boss well before the aquisition on December 7th, but never got my review. Now they have placed a freeze on any merit pay increases. This means I did not get any deserved increase. Do I have any rights or did I get screwed here?
Thank you for any and all appropriate feedback. (Oh! any job leads for good companies in the N Dallas area are appreciated too!)
2 Answers
- Anonymous1 decade agoFavorite Answer
Bend over and get ready for the broomstick. I can pretty much guarantee you are not going to be happy with the results.
Acquisitions and mergers generally screw over the employees the most, while the CEOs walk away with millions in stock options and financial compensation.
Welcome to the world of Corporate America.
- BruceNLv 71 decade ago
Normally, if a company is acquired in other than a bankruptcy, you will receive any benefits you have accrued (like vacation pay), but not benefits you are just expecting (like Christmas bonuses or COLAs).
But ask them. It depends on the contract and your local labor laws.