R
Rob813
Guest
The company I currently work for has been bought out by another company. My department has been informed that our jobs are being eliminated in our current location but we may bid on similar jobs in two other locations (requiring a relocation). I myself had a intra-company relocation to this office 18 months ago. At the time I relocated, I signed an agreement that specified that if I were to leave the company within 0-12 months I would owe 100% of my relo benefit; that number dropped to 50% during the 13-24 month period. Since my job is being eliminated, I have found another position outside of the company. The company is now telling me that I will have to pay back 50% of my relo benefit ($26K) since I have only fulfilled 18 months of the contract. My question is this...Can they hold me to that contract since my job is being eliminated and they can make no guarantees that I will have another job within the company? The other twist is that if I were to stay until the day they close this office, I will be paid a "stay" bonus, plus severance, that will total somewhere near $45K, so they will be saving money by letting me go now.