with a company buyout am I eligible to draw unemployment?

My employer just sold the company to an individual. It is a private company, no stock involved in the sale, assets only. The new owner has offered me a job, same position at the same rate of pay, but the benefits will be less and he's not promising anything beyond 3 months with the new company. I've not signed anything or filled out any paperwork indicating I'll work for the new company. If I decide not to accept the position, will I be eligible for unemployment?

1 answer  |  asked Nov 19, 2006 6:54 PM [EST]  |  applies to Kansas

Answers (1)

Albert Kuhl
Unemployment after business buyout

The answer to your question depends on several things. First, were you officially dismissed from your job with the former employer and then are you being offered formal "re-employment" by the new owner? If so, then your termination by the old owner would likely lead to you receiving your unemployment. However, one is required to take a reasonable job offer when the same is offered under the Kansas Unemployment Security law. That may dictate against receiving unemployment later. On balance, however, it would appear there is a basis for you to receive Unemployment benefits if you decide not to stay with the new owner.

posted by Albert Kuhl  |  Nov 19, 2006 8:59 PM [EST]

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