Hi,
I was employed in a company say "X", company "Y" acquired the X company and offered employment in Z (which is the subsidiary of Y) with a clause in its official website that "severance of X company is applicable for 12 months from date of acquiring", X company paid good amount as severance for its employees and certain employees who are in global support were influenced by top management to accept the offer given by Z stating that this offer is good for our future. We were given an offer and were asked to accept it within two weeks. Within a month after accepting the offer, information was shared that most of those who have moved from X Company will be laid off and severance package will not be same as that of X company. (those who dint accept the offer got the good severance amount from X company) Now again we are asked to resign from the existing company "Z" which they say is a subsidiary of the parent company and we are offered an employment in parent company even after knowing that we will be laid off in two months after we accept the offer.
My question is,
Can we demand the severance package which the company "X" paid, from company "Y" since it was clearly mentioned that severance of company X will be applicable for next 12 months.
Are we eligible to get at least the severance of company "Y" If we do not resign from existing company and also do not accept the offer.
Do they have right to terminate us if we do not accept this offer?
Eagerly waiting for any information on this!
