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21/09/2010 05:20:53
Re: BuyOut

I accepted an offer from the new company. They want to buy me out from my current employer, but the new company not able to make the payment on the day I leave my current employer. The payment need to be made on the day I leave. New company not able to make the payment on time. Current company accepted my resignation. New company asking me if I could pay first, then will pay me back later, is this against the labour law?
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KL Siew
21/09/2010 08:35:59
That has nothing to do with labour law. You will have to take the words of the new company, pay first and then get a reimbursement from them.
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