Hello,
The Company I work for has recently acquired a competitor, and as a result both companies decided to merge with into a new business entity.
As a result of that, the old legal entities will be merged in a month time and we have been informed that we will be given new employment contracts for the new resulting company.
As far as I understand it, that means that my old contract will be terminated once the new one comes in play.
So far, my contract contained a pay off clause if I should be made redundant.
My question is:
If I decide not to sign the new contract, does that mean I will be made redundant and that the company is still required to pay the pay off for redundancy as per condition of my old contract?
The Company I work for has recently acquired a competitor, and as a result both companies decided to merge with into a new business entity.
As a result of that, the old legal entities will be merged in a month time and we have been informed that we will be given new employment contracts for the new resulting company.
As far as I understand it, that means that my old contract will be terminated once the new one comes in play.
So far, my contract contained a pay off clause if I should be made redundant.
My question is:
If I decide not to sign the new contract, does that mean I will be made redundant and that the company is still required to pay the pay off for redundancy as per condition of my old contract?
