Annieindublin
Registered User
- Messages
- 530
This is an odd one. Or maybe not..
made redundant and immediately reemployed by a new company, set up by the same (overseas) employer.
so everyone was told out of the blue that the company was closing, statutory redundancy would be paid to everyone. The company has only been around since 2016 and about a dozen staff. No premises, all remote workers, even pre covid. Major shock as they were all busy and had work schedules going well into 2024. An hour later they were told that they’d be re hired by a new company. All owned by the same group. They are getting redundancy, annual bonus payments (not in the contracts but paid usually in December, up to 15%). And the T&C of the new contracts are identical.
so the question is why? Why set up a phoenix company and part with a load of cash? What’s in it for them?
no one has sight of the financials, I suspect they’d tell little anyway, there might be some software licensing payments or debts that’s about the only thing they can think of.
from the staff viewpoint they are restarting the clock if they decide to wind it up again, or fire anyone, but that aside.. anyone got any idea why an an employer would do this?
the parent group is based in USA. They have an Irish subsidiary and staff here are employed by the sub not the head company.
losing sleep over this and the new contracts have to be signed this week.
there is no union rep.
made redundant and immediately reemployed by a new company, set up by the same (overseas) employer.
so everyone was told out of the blue that the company was closing, statutory redundancy would be paid to everyone. The company has only been around since 2016 and about a dozen staff. No premises, all remote workers, even pre covid. Major shock as they were all busy and had work schedules going well into 2024. An hour later they were told that they’d be re hired by a new company. All owned by the same group. They are getting redundancy, annual bonus payments (not in the contracts but paid usually in December, up to 15%). And the T&C of the new contracts are identical.
so the question is why? Why set up a phoenix company and part with a load of cash? What’s in it for them?
no one has sight of the financials, I suspect they’d tell little anyway, there might be some software licensing payments or debts that’s about the only thing they can think of.
from the staff viewpoint they are restarting the clock if they decide to wind it up again, or fire anyone, but that aside.. anyone got any idea why an an employer would do this?
the parent group is based in USA. They have an Irish subsidiary and staff here are employed by the sub not the head company.
losing sleep over this and the new contracts have to be signed this week.
there is no union rep.