Businesses are bought and sold all the time. From small 'mom and pop' shops through to multi-national operations. If your workplace is (or has been) sold, it is important to understand how this may affect your rights as an employee.
We often work for individuals who have been let go from a workplace that has been operated by more than one business owner during their tenure. Your severance entitlements can be significantly impacted by the way the business changed hands, and how the vendor and purchaser dealt with liability for employee severance.