Buyout/severance question

[a_rosenthal]

Wait a minute. When McClatchy bought KR, it took on everything associated with it -- from the debt to the dusty personnel files in Storage Room B.

Another example: A KR employee is sexually harassed. The employee leaves KR for McClatchy. A month later, McClatchy buys KR. Employee is laid off. By the logic some of us are using, employee has no one to sue. That's ridiculous.

When you buy a company, you can't be accountable for some things associated with it and not others. McClatchy bought KR's history, not just the buildings and the presses and the trucks.

Talk to a labor lawyer, I say. If he or she is willing to take a percentage or a win-only cut, more power to you.

If I go from Comany B to Company C, I start from scratch, right? I know that going in and I don't have any negotiating power, right?

If, years later, Company C buys Company B, I don't suddenly get the PTO of a 6-year veteran. If I took a paycut to join Company C, I don't get my salary from Company B.

 

[Hank_Scorpio]

Exactly, a_r. I don't know how easier to explain it than you just did. And I'm sure a labor lawyer would likely see it the same way too.