If we have been informed that the parent of the division for which we have been working has been sold and our jobs will be eliminated, what are our rights?
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If we have been informed that the parent of the division for which we have been working has been sold and our jobs will be eliminated, what are our rights?
What benefits are they required to provide us with (severance, etc.)?
Asked on January 30, 2016 under Employment Labor Law, New York
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Unfortunately, the law does not require severance...ever. If you had a written employment contract stating you would get severance, you could enforce the terms of that contract against your employer--in court, if necessary. But if there is no contract, it is purely voluntary on your employer's part whether to offer severance, how much to offer, and what condititions to put on it if it is offered (i.e. they could require you you to sign a Separation and Release Agreement giving up any right to sue and requiring confidentiality).
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