this post was submitted on 21 Aug 2023
3037 points (98.2% liked)
Asklemmy
43393 readers
1480 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How do you lose a pension? It doesn't matter where you work or if a company gets bought.
So the way he explained it to me was that essentially when the company was purchased all your accruals were reset and the pension was tied to years of service, which he hadnโt reached yet, then with the merger you were essentially a new employee. There was also a lot tied to retirement plans linked to corporate stocks that were basically useless after they merged. Either way, beyond working for the same company forever, his eggs were (mostly) in one basket.
Yet another reason to be glad to live in the EU:
TUPE Regulations
Basically, "any employee's contract of employment will be transferred automatically on the same terms as before in the event of a transfer of the undertaking. This means that if an employer changes control of the business, the new employer cannot reduce the employees' terms and conditions"
This regulation and strong unions are the backbone of job security in the EU.
Yeah. Very Strong...