Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 157
(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:
Retail investors close out one of their best years ever. How they beat Wall Street at its own game
Best credit cards to help you meet your New Year’s resolutions
We asked a humanoid robot if there is an AI bubble. Here's what it said
Italy says U.S. sharply reduced proposed pasta tariffs after a review
Minimum wage just went up in 19 states—workers in one state are getting a $2 an hour raise
Student loan forgiveness is taxable again: Start planning for the 'tax bomb,' CFP says
Google wraps up best year on Wall Street since 2009, beating megacap peers as AI story strengthens
Dozens feared dead after fire rips through Swiss ski resort bar, police say
Dust to data centers: The year AI tech giants, and billions in debt, began remaking the American landscape
Stellantis resurrects $100,000 Ram TRX V-8 pickup truck amid industry deregulation