English
i am here
stdClass Object
(
    [term_id] => 165
    [name] => Employment Law
    [slug] => employment-law
    [term_group] => 0
    [term_order] => 33
    [term_taxonomy_id] => 165
    [taxonomy] => topics
    [description] => 
    [parent] => 0
    [count] => 0
    [filter] => raw
)
{"ontario":"75491, 74686","alberta":"75492, 74686","british-columbia":"75492, 74686","manitoba":"75492, 74686","new-brunswick":"75492, 74686","nl":"75492, 74686","nwt":"75492, 74686","nova-scotia":"75492, 74686","nunavut":"75492, 74686","pei":"75492, 74686","quebec":"75492, 74686","saskatchewan":"75492, 74686","yukon":"75492, 74686"}

Empire Emp. Top ONEmpire Emp. Top ON

Pardon Partners – Employment TOP Banner ALLPardon Partners – Employment TOP Banner ALL

What happens to employees if a business is sold?

Region: Ontario Answer # 592

If a business is sold to a new owner there are rules that the new owner must follow regarding the existing employees. Generally, an employee should not lose any rights or money because the business was sold.

Employee rights under new owner

If the employee keeps their job, usually the employee is entitled to maintain their seniority with respect to all the benefits and rights that they enjoyed before the sale of the business.

Employee rights if fired or constructively dismissed by new owner

If the employee is fired or constructively dismissed, the new employer will be responsible for giving the employee notice or pay instead of notice. Constructive dismissal means a fundamental change whereby the new employer took away some of the employee’s significant benefits and materially reduced their pay, or demoted them. In some cases, the employer may also be responsible for giving the employee severance pay.

If you work for a business that is sold, and you lose your job without proper notice or pay, or if you lose any rights or pay, it may be considered wrongful dismissal, and you may be able to sue both the former and the new employer. For more information, visit the Ministry of Labour, Training and Skills Development website.

A criminal record will appear on an employment police check and will affect your ability to get or keep a job. To erase your criminal record, call toll-free 1-888-808-3628 or  learn more at Pardon Partners. It’s easier than you think.

Retirement ready?

You want to balance your mortgage, kids’ education, and retirement savings. Are you saving enough to meet your goals and be ready for retirement? An advisor has the expertise to get you on track to achieve your long-term goals, and can help you set realistic planning targets and stick to your plan. Contact an Empire Life advisor today for more information.


Empire Emp. Bottom ONEmpire Emp. Bottom ON

Pardon Partners – Employment ONPardon Partners – Employment ON

 



								

You now have 3 options:

Was your question answered?


Yes    No


What information would you like to see added?


Submit an Edit Request










What are your changes?*

Page loaded. Thank you