Employer shifting title of his company
10 months ago
I want to ask that what to do if an employer is going to change the title of company claiming that now the new one will pay all employees and at the same time renewing its policies which are much harsher in terms of leaves, working hours. He also claims that all employees will get salary if they sign the new contract with new title to the company
A.Dear Client,
At the time of the merger of a company with another company, ownership of the existing Company passes in the hand of New Company, and following the procedures of the said company a fresh contract of employment on the basis of the policy of the new company is being issued to the employees for acceptance for well-defined governance of the affairs of the Company. It's a normal incidence merger of the companies affected through the execution merger agreement between the parties based on mutual understanding. In case the terms of employment of the new company is not acceptable to you, you may quit by tendering resignation following the terms of the existing company or the new company.
Please note that in the absence of any cause of action either from the existing company or the merger company, you are not in a position to litigate the matter before any regulatory authority.
At the time of the merger of a company with another company, ownership of the existing Company passes in the hand of New Company, and following the procedures of the said company a fresh contract of employment on the basis of the policy of the new company is being issued to the employees for acceptance for well-defined governance of the affairs of the Company. It's a normal incidence merger of the companies affected through the execution merger agreement between the parties based on mutual understanding. In case the terms of employment of the new company is not acceptable to you, you may quit by tendering resignation following the terms of the existing company or the new company.
Please note that in the absence of any cause of action either from the existing company or the merger company, you are not in a position to litigate the matter before any regulatory authority.
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