When ETP buys a company in the past, how do they handle things like layoffs/relocates? Do they do them right away or wait a bit for the ink to dry on the sale agreement before doing anything? What do the severance packages entail? Are they decent or what?
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Got a link to said article?
I hope someone corrects me if I am wrong, but the last big acquisition (besides Sunoco) was Southern Union in 2012. Based on the article below, it finalized in March 2012 and I believe layoffs happened 2-3 months later. If I remember, they offered people 58 and older with 25-30 + years service medical insurance until 65. Not sure about servanance. The 2020 layoffs, I hear it was just 13 weeks of severance pay.