So the company I work for is selling one of its products and my manager told me that normally the people go with the sale. I’m not thrilled with this idea because the company I work for offers some great benefits and is one of the most respected companies in its field. Apparently in the past when this has happened they either transfer you to the other company or you are retrenched. Transfer isn’t the right word, more like they ask you to quit and the other company hires you.
This is early in the process and I don’t have anything formal yet but I wanted to get advice here first so I have some idea of what I should say when the time comes. I’m also worried that the upcoming uncertainty will limit my potential career opportunities in my current company. Why would they want to promote me or give me a raise if they are just going to sell me to another company?
The other part of this is that I have company stock that gets matched if I either stay with the company or I get laid off. It’s not a huge sum but it’s around 20k that i’d rather not leave on the table. I don’t know what the severance package is but others have gotten about 2 weeks per year and I have 11 years and about 38 vacation days.
What do you folks recommend I do moving forward? Just compare offers when it happens? Taking the severance would be interesting unless there is some sort of non compete clause that would bar me from working for the other company but I can’t imagine there would be.
My wife also works for the same company but in a different department so she isn’t getting sold yet.