acquisitions and work experience

[ptys]

Hello Gurus!

I've already done a search for this on this forum, but it didn't turn up any threads about this topic.

So here it goes... If I work for company A for X years, and then company A gets acquired by company B, and at this point we decide to start the GC process for me, can my experience at company A be counted? I know that by law the experience gained at the sponsoring company cannot be counted for LC, but after the acquisition company B will be my sponsor, and the experience was gained at company A.

How does DOL look at situations like that?

Many thanks for your help.

 

[Jharkhandi]

No if it is aquisition - you cannot use it. It has nothing to do with DOL as such, but is company law which governs issue. In any aquisition - all laibilties and assets are transferred as is to the aquiring company. Now you have to decide if your experience is asset or liability.

 

[ptys]

That's what I was afraid of...

Thanks, Jharkhandi.

 

[assur]

Originally posted by ptys
Hello Gurus!

I've already done a search for this on this forum, but it didn't turn up any threads about this topic.

So here it goes... If I work for company A for X years, and then company A gets acquired by company B, and at this point we decide to start the GC process for me, can my experience at company A be counted? I know that by law the experience gained at the sponsoring company cannot be counted for LC, but after the acquisition company B will be my sponsor, and the experience was gained at company A.

How does DOL look at situations like that?

Many thanks for your help.

In a merger or aquisition situations, a lots of justifications are legal to present. My friend got GC in DE state, in a public limited company. The aquisition and or merger clues saves WIP specially for benefits. Please refer Merger and aquisition procedures and information by keyword MERGER/AQUISITION.