Legal Question in Employment Law in Idaho
Need help with a job contract that I accepted
In April of 2006, I accepted a position with the company I am currently working for. The job offer contained a very nice re-location package and I ended up signing the job offer. One of the stipulations in the job offer was if I quit or am fired for misconduct within 24 months, I have to repay all moving expenses including taxes.
This could be as much as $50,000
My problem. My company just suffered huge losses last quarter and are outsourcing just about everything. I would say that in the next 2 months, I will be fired.
The day they announced the company restructure, I started applying for jobs expecting I was going to get cut in the first round. I didnt get cut and now have a great job offer. Its for less money but with a great company.
I want to get out now, If I wait, a vast majority of the currently available jobs will be taken by the people who get out now. Our boss has stated no position is safe so I have little hope of not being cut.
Right now our personal budget is so tight, there is no way we could afford the loan to cover the repayment. I dont want to move and we are completely upside down on our house anyway
Any suggestions on what I can do?
1 Answer from Attorneys
Re: Need help with a job contract that I accepted
Rock vs. Hard place? I would like to get more info before a final opinion, but you should know that "misconduct" is not the same as missing your numbers.call or email
Related Questions & Answers
-
Fired for being a mom! My best friend was fired from a company a few months... Asked 6/20/07, 10:50 am in United States Idaho Labor and Employment Law