i would like to consult with you regarding employee compensation once we are transferred to the new company.
Here are the circumstances:
-Our current employer has 2 Divisions under 1 company name.
-one of the divisions(Agency) will cease operation because the business operation will be taking over by our Principal who will branching out in the Phils.
-In the coming months, there will be a new company name under our Principal, Phil Branch.
- I belong to the said division that are ceasing operation due to apparent take over.
- We were initially told that we are still being considered for absorption to the new company with the same packages.
- the company is not at loss but due to the Principal branching out in the Phils., the company will decide to cease operation for the Agency Division.
- are the employees connected in the division that are closing entitled to a separation pay?
Thank you very much.