Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 153
(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:
A look at two industrial names on our Best Stocks list, including one that's a buy right now
Supplements in your stocking: Why wellness gifts are gaining steam for the holidays and beyond
Mortgage rewards credit cards are disappearing. Here's what to do next
It's too late for some last-minute tax moves — but these can be tackled with days to go in 2025
Christmas celebrations muted at Bondi as Australians grieve after deadly shooting
Motive, an Alphabet-backed fleet management software company, files for IPO
Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 5%
Arkansas ticket scoops $1.8 billion in Christmas Powerball jackpot
This convenience store chain is in a long-term upward trend with no signs of slowing, charts show
Top 3 mistakes employees make during performance reviews—and how to avoid them, says career coach