Gee that's not 90 days!!!!!!!!!
Directive 10-289.
“In declining states the leadership intuitively choses the most harmful course of action.”-A Great Historian 1888
A company I worked for got around this BS by closing the company down for a week after buying it, putting everyone out of work. No one was “fired” there was simply no job to go to. Then they reopened and hired all those that they wanted to work for them and didn’t hire the ones the previous owners saw as problem workers. They weren’t located in any town however, so all they got around were certain state laws.
what is keeping a business from moving it headquarters out of the state and or city and then firing all the unwanted dead weight?
All this will do is that now the buyers will require the layoffs take place prior to purchase.
so basically with this new law anyone that works for a company that just got bought can do ANYTHING and not get fired for 90 days?
Punch the new boss... nope can’t fire them!
Sexually assault a coworker... nope can’t fire them!
Steal the inventory... nope can’t fire them!
Must wait 90 days!
This is freaking INSANE!!!!
lemme see if i get this right. if you want to keep SOME employees, you have to include ALL of them in the sale, which means significantly less value to the business. the alternative is to close the business altogether, layign off everybody, THEN selling the assets. the new owner can then hire whomever they chose.
sounds like more layoffs are in store for CA...
Well, that means CA companies will not be acquired. They will go bankrupt...or simply close instead.
This is very simple. It reduces the purchase price of a company by exactly the cost of keeping employees on.
This sound like something the unions are behind, or will be very soon.
Terms of the furlough are as follows: employees' benefits continue, but nobody comes to work, nobody gets paid, and — upon the date at which the furlough goes into it's 20th week — everyone who has not already taken up employment elsewhere will either be brought back or given severance on a case-by-case basis.
After the transfer, the new owners continue refurbishing the facilities for another two or three weeks, while they maintain the furlough; allowing Father Time to do his inexorable work. Since there's no prohibition on new hiring, the new owners interview and hire a core group of new employees that begins regular full-time work at the facility within the first month after the transfer under new terms of employment set out entirely at the discrection of the new owners.
The following week, select former employees still on furlough are interviewed, and given the option to continue on furlough until the 20th week, and see what conditions are like then, or come back to work immediately under the new hour and wage structure to flesh out the core group of new people.
Ninety days after the new owners take over, bring the furlough to an end for any who are still hanging on, provide a modest severance of perhaps one week's pay, terminate benefits, advise them to seek competent financial advice regarding their 401k plans, and wish them all the best in their future endeavors.
This won’t stand challenge. Just another socialist Kalifornia move.