Cerebellum:

Big man. I dey o

How your side

Fine o.

Happy blessed new year in advance.

At his discretion except the staff are shareholders in the company.

DenreleDave:
I want to ask this guys. If you are working for someone in an organisation, informal organisation at that.

If the boss decides to sell the company, is it legal, morally or and constitutionally right to inform the staffs of the potential sales?

Should the boss just sell the company and care less about any decision the potential buyer decides to do with the staff who were unprepared for this?

don't Tell them until the deal is sealed, don't create problem for the potential buyer

Zonefree:
The boss is not obligated to tell same way a landlord is not obligated to tell his tenants before selling his property.

This is inaccurate. You can't sell a property when your tenant occupies it and his rent subsist within telling him. The new owner can throw him out and he would sue you and win. You must tell him and tell the user to allow him exhaust his current term and they can decide new term on fresh conditions after that if they wish.

A good boss should
In fact they should get something from the sale
Cos a lot of sales and mergers come with downsizing

AgentGoat:


Fine o.

Happy blessed new year in advance.

Same to you, brother

DenreleDave:
I want to ask this guys. If you are working for someone in an organisation, informal organisation at that.

If the boss decides to sell the company, is it legal, morally or and constitutionally right to inform the staffs of the potential sales?

Should the boss just sell the company and care less about any decision the potential buyer decides to do with the staff who were unprepared for this?

Yes of course!

It will enable all staff to brace up for the new owners. Some may wish to stay and others may want to move on.

DenreleDave:
I want to ask this guys. If you are working for someone in an organisation, informal organisation at that.

If the boss decides to sell the company, is it legal, morally or and constitutionally right to inform the staffs of the potential sales?

Should the boss just sell the company and care less about any decision the potential buyer decides to do with the staff who were unprepared for this?

I think he should inform thge staff after the sales and introduce the new buyer to his staff and introduce the staff to the new buyers

Then it's left fir the new buyer to have a meeting with the staff on how he intend to operate his new company

It is morally wrong to sell a company that workers have invested so much time and passion to build without informing the workers. It is an act of betrayal and potend grave danger to the carrier of such entrepreneur as future staffs/workers will always feel they will be treated as he is known.

Hidentity:

This is inaccurate. You can't sell a property when your tenant occupies it and his rent subsist within telling him. The new owner can throw him out and he would sue you and win. You must tell him and tell the user to allow him exhaust his current term and they can decide new term on fresh conditions after that if they wish.

It depends on articles in the rental agreement though. If the agreement includes a clause that allows the landlord to assign his rights and obligations to another entity unconditionally, without let or hindrance, there’s nothing the tenant can do about it legally.

Yes be it formal or informal.

N someone is saying same way a landlord.....

This is why u will see landlord collecting money n still sell house. U like am like dat?

rickpat:
whether he tells the staff about a potential take over or sale of the company,it will not change anything with regards to how the new owners would treat the staff or run the company..NEW POLICIES MUST TAKE EFFECT

Meaningless and senseless answer.

DenreleDave:
I want to ask this guys. If you are working for someone in an organisation, informal organisation at that.

If the boss decides to sell the company, is it legal, morally or and constitutionally right to inform the staffs of the potential sales?

Should the boss just sell the company and care less about any decision the potential buyer decides to do with the staff who were unprepared for this?

Morally, yes he should.

Legally, if the change in ownership will affect the terms of their existing employment, yes he should e.g if they have to take up a new contract with the new owners (by implication they have to wind down the offer with the current owner. The current owner is obligated to give them a notice except their contract specifically does not require it

DenreleDave:


So it is not normal for a boss to call a staff meeting or just head of the dept and inform them abt the sale so that they can pass the message to their subordinates.

So the fate of the staffs should be left like that?

Is this how it works in corporate organisations too?

Just imagine how that guy you quoted would manage his family.

I pity poor woman that will end up in his life, ditto children, yet such type of people will be the very first to condemn leaders

Zonefree:
The boss is not obligated to tell same way a landlord is not obligated to tell his tenants before selling his property.

Senseless response

It is good practice to at least inform your staff 5hat you intend selling the company but you are not mandated by law to do so

The staff is a stakeholder in the business, you should morally inform them. In structured organisations, the staff are even paid off or receive certain financial package from the sale.

the owner can't just wakeup and disappear from the business. It's also not the new owner that should inform the staff that the business has been bought and sold, no one will take the new owner serious.

Zonefree:

The Boss can only do that out of his compassionate heart not that he's obligated to do that. Abi, na the staff lent him money to fund the business

Person wey get SENSE still dey this country so ?
See shocking and senseless answers people are giving...

Nawa o

DenreleDave:
I want to ask this guys. If you are working for someone in an organisation, informal organisation at that.

If the boss decides to sell the company, is it legal, morally or and constitutionally right to inform the staffs of the potential sales?

Should the boss just sell the company and care less about any decision the potential buyer decides to do with the staff who were unprepared for this?

During the negotiation phase between buyer and seller of the said business, probably not a good idea to release any information about the potential sale. This is a common global practice. Once the deal is sealed, then the seller can adapt a structured technique of letting the cat out of the bag. This is really important where the business involved provides services as opposed to the manufacturing or sale of goods.

rickpat:
it's not legal or compulsory for the management to inform staffers of potential take over...the management is not obligated to inform every staff

Rubbish

Whilst he is not obligated, it is not out of place, from a moral point of view, to let his staff know.

DenreleDave:


So it is not normal for a boss to call a staff meeting or just head of the dept and inform them abt the sale so that they can pass the message to their subordinates.

So the fate of the staffs should be left like that?

Is this how it works in corporate organisations too?

As a show of Appreciation to them, He should inform them,

There are situations that made it necessary for such sales, And again, A staff, can stop such sales, and profer tangible solutions

FuckSilly:
Person wey get SENSE still dey this country so ? See shocking and senseless answers people are giving...
Nawa o

E shock you abi,

na u and am open the company?

Zonefree:
The boss is not obligated to tell same way a landlord is not obligated to tell his tenants before selling his property.

A landlord has to tell the tenant, that it's for sale... especially if its a commercial customer

The owner is not under any obligation to inform his/her staff of this. In one way or the other, the news will surely filter to the knowledge of the staff and they're free to decide their own fate which is either

- Leave before the new owner take over or

- Stay for the new owner to downsize them ( absorb some while asking the rest to leave) due to policy change.

*Talking from experience*

DenreleDave:


So it is not normal for a boss to call a staff meeting or just head of the dept and inform them abt the sale so that they can pass the message to their subordinates.

So the fate of the staffs should be left like that?

Is this how it works in corporate organisations too?



I think it is very bad to sell and didn't inform any staff.. I mean the senior staffs.... They are supposed to know......

Very sad mehnnnn..

Life is not black and white oga. His company is not a product of the constitution. That's why I said morally because some bosses will not tell you shit.

Nairalanders are too stingy since 2013 nobody could buy me a brown shoe.

The staff would have gotten an irk about what is happening.

The new owners will inform them

do4luv14:



E shock you abi,

I swear, e shock me