Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 260
(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:
Movie: Death at a Funeral
Book: The October Film Haunt
Most prediction market contracts have low volume, leaving users exposed to volatility and bots
U.S. closes 2022 probe into 695,000 Tesla vehicles over unexpected braking
Google loses fight over record $4.7 billion EU antitrust fine
Ford CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopen
High-end camping and a capital raise: AutoCamp is banking on summer travel to fuel growth
What's the Frequency? Recommend me some radio!
Star City: Plow Deep
Making ghost pepper popsicle how do I calibrate the heat?