Company may close down - what to do?
- Thread starter gcstrat
- Start date
Nothing To Worry!! You are safe Side
Hi
As you are I-140 Approved, and 485 pending > 180 days you are safe side.
Here are two Choices for you.
1. Wait until your Company Closed down and find Similar JOB and Same or more Pay JOB and apply AC21.
2. Immediately find Similar JOB and Same or more Pay JOB and apply AC21.
Both lead to AC21, Only thing is you need to decide, if you want it to do now, or Wait until Company announce the Closing and take step after That.
Hi
As you are I-140 Approved, and 485 pending > 180 days you are safe side.
Here are two Choices for you.
1. Wait until your Company Closed down and find Similar JOB and Same or more Pay JOB and apply AC21.
2. Immediately find Similar JOB and Same or more Pay JOB and apply AC21.
Both lead to AC21, Only thing is you need to decide, if you want it to do now, or Wait until Company announce the Closing and take step after That.
option & not a choice
Law: . AC21, similar job desig
Req:.. Better Attorney to support any eventuality
Helpful:...more money to spend incase (Year of expences ahead for none of our mistakes)
Feet.... need to be vibrant with skills to make a jump to a new job quicly and timely
Law: . AC21, similar job desig
Req:.. Better Attorney to support any eventuality
Helpful:...more money to spend incase (Year of expences ahead for none of our mistakes)
Feet.... need to be vibrant with skills to make a jump to a new job quicly and timely
You are in far better shape than lots of us
Besides AC-21 options, here are things you may consider to make a smooth transition between jobs.
1. freshen up your skills and update your resume.
2. get your contacts for opennings and leads, keep your eyes and ears open.
3. Does not hurt to go on a couple of interviews if you have not done so for a while, so your interview skills are not too rusty.
4. find out if employer is required to give advanced notice before closing/layoff. Some states do require. Find out if employer gives severance pay. That can be a big sum of money depanding on your salary and service years.
5. If your employer decides to close and you know the answers to #4, you can decide when to switch jobs.
Besides AC-21 options, here are things you may consider to make a smooth transition between jobs.
1. freshen up your skills and update your resume.
2. get your contacts for opennings and leads, keep your eyes and ears open.
3. Does not hurt to go on a couple of interviews if you have not done so for a while, so your interview skills are not too rusty.
4. find out if employer is required to give advanced notice before closing/layoff. Some states do require. Find out if employer gives severance pay. That can be a big sum of money depanding on your salary and service years.
5. If your employer decides to close and you know the answers to #4, you can decide when to switch jobs.
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Based on the current market scenerio, it is not difficult to find a job. If you are into IT. To be on safer side, switch to consulting jobs that match ur skills. Consulting companies do handle AC21 cases well, I know some people who did that. Market is good enough to continue consulting and you can definitely get a good billing rate.
Most times these things like company closures and mergers work towards your advantage.
Good luck
Most times these things like company closures and mergers work towards your advantage.
Good luck
Go find a new employer
GCstrat,
Depends on how SURE you are that the company is going down... more than 50% certain? Are you and the other employees actively talking about this everyday?
I would say go ahead and start finding a new employer... you don't want to wait until it happens and then you will have additional stress in your life.
GCstrat,
Depends on how SURE you are that the company is going down... more than 50% certain? Are you and the other employees actively talking about this everyday?
I would say go ahead and start finding a new employer... you don't want to wait until it happens and then you will have additional stress in your life.
Not that certain
Thanks everyone for helpful advice.
Well, closing is not that certain. But I spot trends (usually have been dead on right) and try to make sense of things that happen but in normal course should not have happened. So, something's definitely cooking. I think the company MAY survive but all depends what happens in Q3. If Q3 is bad, then 2007 will be a very different year for us.
From all your responses, it seems AC21 is my only hope, just as I thought. And I have to find same or similar job. And it makes sense to be proactive. Time to call that lawyer again.
What's the trend of hiring in Q4, if I decide to wait through Q3?
Regards,
GCStrat
Thanks everyone for helpful advice.
Well, closing is not that certain. But I spot trends (usually have been dead on right) and try to make sense of things that happen but in normal course should not have happened. So, something's definitely cooking. I think the company MAY survive but all depends what happens in Q3. If Q3 is bad, then 2007 will be a very different year for us.
From all your responses, it seems AC21 is my only hope, just as I thought. And I have to find same or similar job. And it makes sense to be proactive. Time to call that lawyer again.
What's the trend of hiring in Q4, if I decide to wait through Q3?
Regards,
GCStrat
nyte_crawler
Registered Users (C)
I have been through a similar situation and I was taken by surprise. You are at a much better shape since you can use AC21. If you have great skill set that can get a job right away then I would just wait and get some good severance. Thats what I did. Then try getting in to consulting, because they can tailor your job specifications how ever you want. Also its much more ka-ching.
My 2 cents.
My 2 cents.