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uhnothanks
Joined: 23 Nov 2009
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 Posted: Fri Nov 09, 2012 12:26 am Post subject: Hagwon Sold - Precautions? |
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Hi,
I have been working at my school for about three years (my third contract ends on Feb. 28th, 2013). Today I was told that the school has been sold to a new owner. So far, nothing has changed. I am still employed and so are all my coworkers. Only the owner and "principal" have changed.
I am wondering... what exactly does this mean for me contractually? I have read that I will lose my severance. Is that true? I am planning to have a meeting with our school manager next week.
Thanks in advance for any information you can share.
Last edited by uhnothanks on Fri Nov 09, 2012 4:42 am; edited 1 time in total |
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newb
Joined: 27 Aug 2012
Location: Korea
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| Posted: Fri Nov 09, 2012 3:56 am Post subject: Re: Hagwon Sold - Precautions? |
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| uhnothanks wrote: |
Hi,
I have been working at my school for about three years (my third contract ends on Feb. 28th, 2013). Today I was told that the school has been sold to a new owner. So far, nothing has changed. I am still employed and so are all my coworkers. Only the owner and "principal" have changed.
I am wondering... what exactly does this mean for me contractually? I have read that I will lose my severance. Is that true? I am planning to have a meeting with our school manager next week.
Thanks in advanced for any information you can share. |
I'd advice you and your co-workers to contact the labor board about your situation, especially your severance pay issue. In my opinion, you may not be able to collect 3 years of your severance from your new employer. Thus, you may have to act quickly to recoup the severance from your previous owner. You may also need to have your contract re-signed by your current employer and report the change to the immigration as well.
Also contact the NPS to ensure that your previous owner has been making proper contribution to the system. If not, make a claim against your former boss. Let us know the result of your finds. Good luck. |
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PaperTiger
Joined: 31 May 2005
Location: Ulaanbataar
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| Posted: Fri Nov 09, 2012 4:38 am Post subject: |
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| If you're on an E-2 visa or any other sponsored visa, find out if it's transferable or if you have to get another one. Also, doesn't this mean the OP will need a completely new contract or will their new employer have to honor the old one? |
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EZE
Joined: 05 May 2012
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| Posted: Fri Nov 09, 2012 7:51 am Post subject: |
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In December of 2011, my hagwon at the time, Wonderland Anyang, bought a school called Child U. Child U had an American teacher who had been working there for a year and a half. From what the American told me, Wonderland was going to pay her severance. The only thing in her pay that changed negatively was her monthly apartment management fee, which went up tenfold.
Keep in mind, this is purely anecdotal and may not reflect the actual laws regarding your issue. |
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kardisa
Joined: 26 Jun 2009
Location: Masan
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| Posted: Fri Nov 09, 2012 3:59 pm Post subject: |
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| PaperTiger wrote: |
| If you're on an E-2 visa or any other sponsored visa, find out if it's transferable or if you have to get another one. Also, doesn't this mean the OP will need a completely new contract or will their new employer have to honor the old one? |
I had this happen to me about 4 months after I started working in Korea. My coworker and I called the labor board, and we were told that we were required to sign a NEW contract. Our visas also needed to be transferred (very easy process). They also said that benefits like partial severance and airfare reimbursement were something we'd have to work out with our new boss. We ended up not getting paid our severance for the first 4 months and were had to sign new 1 year contracts in order to stay with the school.
Of course, if you've been there for 2 complete contracts already, your old boss should be legally obligated to pay for those 2 years of severance and the pro-rated severance for your current contract. HOWEVER, I would definitely talk to your old and new boss about the matter(and possibly the labor board) and make sure that that's sorted before you sign a new contract. |
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