UglySituation
New Member
I was laid off, received severance package which allowed me to find another position within a large world wide based company. I will refer to them as the "big company". I applied for a position that was 325 miles away from my home. With the goal of adding to my 8+ years of service and ultimately retiring in 12 years, I sold my home and relocated.
I put my home on the market the day I received and accepted the offer for a mid-management position and started my job a month later. Less than 30 days after starting my new job, it was announced that the entire site was SOLD to another company as part of a contract to continue doing the same work at the same pay. I will refer to them as the "contract company". We were told we could not apply for another position at the 'big company' for 1 year. We were told we would either accept the Job Offer from the "contact company" or issue our 2 week notice to leave the 'big company'.
This 'contract company' had won the contract at least 4 months prior to my hire date. The 'big company' KNEW they were hiring me as part of this contract. It was well known by the Recruiter and Hiring Manager that I was selling my home so that I could stay with the 'big company'. It was part of my pay negotiations that I was moving to an area that has a cost of living that is 4 times higher than where I was living.
The 'contract company' is not a company I would have chosen to be associated with. Prospective employers will see this as a huge step down in integrity, reliability and skill.
The 'big company' HR show me and all of the other employees from this site as "TERMINATED". They insist this is a usual & normal HR practice.
A week ago the 'contract company' announced the bonus structure. At best I might receive up to $5000 annual bonus. This is about 1/2 of what I would have received at the 'big company'.
Since this situation has transpired I have suffered several physical ailments from the overwhelming stress and shock. Some how pulled meniscus in left leg (don't know how), lack of sleep, depression, full blown IBS that had previously been tamed.
Do I have any recourse to recoup moving, selling my home, higher cost of living expenses and emotional distress. How about the Bait & Switch circumstance?
It there a formula I can use to calculate the losses?
I put my home on the market the day I received and accepted the offer for a mid-management position and started my job a month later. Less than 30 days after starting my new job, it was announced that the entire site was SOLD to another company as part of a contract to continue doing the same work at the same pay. I will refer to them as the "contract company". We were told we could not apply for another position at the 'big company' for 1 year. We were told we would either accept the Job Offer from the "contact company" or issue our 2 week notice to leave the 'big company'.
This 'contract company' had won the contract at least 4 months prior to my hire date. The 'big company' KNEW they were hiring me as part of this contract. It was well known by the Recruiter and Hiring Manager that I was selling my home so that I could stay with the 'big company'. It was part of my pay negotiations that I was moving to an area that has a cost of living that is 4 times higher than where I was living.
The 'contract company' is not a company I would have chosen to be associated with. Prospective employers will see this as a huge step down in integrity, reliability and skill.
The 'big company' HR show me and all of the other employees from this site as "TERMINATED". They insist this is a usual & normal HR practice.
A week ago the 'contract company' announced the bonus structure. At best I might receive up to $5000 annual bonus. This is about 1/2 of what I would have received at the 'big company'.
Since this situation has transpired I have suffered several physical ailments from the overwhelming stress and shock. Some how pulled meniscus in left leg (don't know how), lack of sleep, depression, full blown IBS that had previously been tamed.
Do I have any recourse to recoup moving, selling my home, higher cost of living expenses and emotional distress. How about the Bait & Switch circumstance?
It there a formula I can use to calculate the losses?