Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 272
(YANML) The company that I work for has been acquired by another company (found the information here: https://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/h_lk00014.html in Acquisition Notifications). This happened over 6 months ago and the employees have not been informed.

Mostly, I wonder if this is legal, but in general is this something that happens? I know that companies try to keep everything hush-hush before a merger or acquisition, but I've never heard of a company not telling its employees after the company has been acquired.

Assuming it's legal, what is (your best guess to) the reasoning behind this? Is it a common practice?
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
What are other books like these books?
Movie: The Odyssey
Movie: Tokyo Gore Police
Inside the Chinese fraud rings stealing billions from banks and retailers
Warsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people
Morgan Stanley likes these stocks heading into second-quarter earnings
Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
Bipartisan group of senators propose Social Security reform process ahead of funding shortfall
Apple in talks with startup that shrinks AI models to run on an iPhone
Caution warranted on this red hot AI cloud data stock that's now 'priced for perfection,' says Todd Gordon