Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 195
(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:
How China is challenging the U.S. to become the next great space power
Google joins Microsoft in telling users Anthropic is still available outside defense projects
Here are 3 themes that drove another challenging week on Wall Street
Trump tariffs: Customs and Border Protection tells judge it can't comply with refund order
Guided tours of museums and sights in Paris?
Special Event: Rifftrax: FLIGHT TO HELL
Movie: Cold Storage
Star Trek: Starfleet Academy: 300th Night
Will Iran war fallout end the bull market? When investors really need to worry
Iran war could make affordability bigger issue in 2026 elections