Hello,
The question is not simple and no simplistic answers will do! Kindly consider the following:
1) Please confirm if the question is of new LOCATION or of a NEW COMPANY and a NEW LOCATION?
2) Is the ownership going to remain the same?
3) Do we know why is this arrangement being worked out?
4) Why is no "continuity of employment" being offered, as the arrangement offered is likely to adversely affect the "Gratuity" eligibility, "Bonus" eligibility etc!
5) If F & F is effected here and THEN a new appointment letter for a new job (in a new organization and/or new location), would be issued, what would be the terms & conditions (particularly the emoluments) offered in the new situation? What about the disturbance/relocation compensation especially as regards, where applicable, childrens' education, living accommodation, transportation of household effects, old parents staying with the a typical employee?
In the absence of any knowledge or details as to response to these and similar questions, it would appear to me that the employer would like to continue to receive benefits of knowledge and experience of the present employees and clearly avoiding responsibilities towards even the probable difficulties employees may have to face due to the shift to a new location and some of them may feel compelled to accept the terms being offered in the absence of a choice or possibility of job change which will take some time anyway!
So much for the HR orientation of the organization's culture! I accept I have NO right to sit in judgement, especially in the absence of knowledge of ALL pertinent facts, yet I fear my apprehensions could as well be well founded!
Respond, ladies and gentlemen!
Regards
samvedan
September 19, 2012
-----------------------