Under the new umbrella, they said our benefits will be the same and nothing is going to change until the transition is done. Same with the location, we will still occupy the same floor and building where our previous company is located.
We are hearing that we will be SFC'd from the previous company, receive our last paycheck and our backpay. That being said, our contract will be terminated and we will sign a new contract for the new company.
Is it legal that our contract will be terminated due to these changes?
If yes, then aren't we suppose to receive separation pay aside from the backpay since we will be separated from the company involuntarily?
What if after a year we've been acquired they decided to adjust/modify our benefits/incentives, would that be against our labor codes?
Hope to hear your advice.