Employment Law Questions? Ask an Employment Lawyer.
I am a retired person who worked for a company call which was located in Toms River NJ.I worked there for over 38 years and was president of local 8-562 which negotiated the last contract with company. in that contract there was agreement on additional health Insurance benefits, namely Horizon PPO Blue card which most retirees moved into. The Plant closed down at the end of 1996 and until this year the medical plans were never changed. Our contract had very strong language that employees retireing in good faith would be insured with the plans that were in existance for life, inaddition there was language that the company could change plans as long as they were equal or better than the old plan. The Toms River Site was aquired by BASF about 3-4 years ago for all assets and liabilities. This year for the first time BASF changed the plans which are far inferior to what we had and what we thought we were entitled to during the negotiations process. My question is, Does a company such as BASF have a right to just change our plans where they acquired the plant for all assets and liabilities (Medical and perscriptions). Is there anything we can do? Our International Union (the Oil, Chemical and atomic Workers Union) has been aquired by the United Stell Workers Union. The over 244 employees who are retired and living on a fixed income will have to shell out thousands of dollars that just last year was paid for. What can we Do? Thank you for your help John XXXX, XXX-XXX-XXXX, [email protected]
I am in the process of sending Stell Workers Union a copy of our contract and other information inregards XXXXX XXXXX for the past 4 years. Understand that the plant was basicily closed for the past 15 years except to remeadiate the site. Basf aquired the assets and liabilities to the best of my knowledge. would it be in your scope to check whether or not this actually occurred. thank you
OK, as I was told by a good friend who reasearched this, that the BASF aquiring the toms River site was for all assets and liabilities.