Add Comment Question: My question is that on Friday I was no longer employed by the company that I had worked for approx. 15 years as a Sales Event Co-ordinator. I was informed though that my position and expertise had been accepted by another company that had purchased the division of the corporation that I had worked for. What am I owed monetarily as a severance for this just informed change of employment. What are my rights moving forward. Answer: Thank you for your question. Assuming that this is an asset purchase agreement, if you continue working for the new employer without any break then your employment simply continues and you would not be entitled to termination pay. However, I would recommend you contact us at the number below so that we can discuss your situation in more detail. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.