What happens to my job if Lehman Brothers Collapses and files for bankruptcy? Do i go into work tomorrow?

I have just joined Lehman Brothers as a graduate this week and been there a year on contract. What happens to my job if a firm files for bankruptcy? Do i go into work tomorrow? Do we get any redundacy packages?

Asked By: Anon - 9/14/2008
Best Answer - Chosen by Asker
A buddy of mine worked for Bennigans, when they went out of business he didn't even get paid for his previous two weeks of work. THey had a cool manager who let them clear out the place of food and equipment so they at least walked away with something. Don't go to work you won't be paid for going.
Answered By: chicagodude420 - 9/15/2008
Additional Answers (12)
I'm sorry, but your future with the company is over.
Answered By: Curious - 9/14/2008
Sorry but when Lehman brothers collapses you will lose your job. They are losing billions of dollars so you are unlikely to get any redundancy payments... More
Answered By: smarties28 - 9/14/2008
You dont get a thing bro, I have been through this before. You need to start looking for other Firms on more stable ground. My company is looking for people with your backround. Email me for more details.
Answered By: Andrew E - 9/15/2008
Sorry to say, but all you get a welcome to Bush's America. Move out of the US, find your green pastures elsewhere.
Answered By: I Told You SO - 9/15/2008
you go to work if you want to keep getting paid. If you stop going to work, you will get fired and will NOT receive unemployment... More
Answered By: NYC_Since_the_90s - 9/15/2008
sorry but it filed for bankruptcy.
Answered By: Serra B - 9/15/2008
This time was fortold in the Bible thousands of years ago... More
Answered By: i_m_f_2009 - 9/15/2008
So sorry. You know the rest... More
Answered By: Jess T - 9/15/2008
hate to tell you but today they collapsed. 20,000 people will lose their jobs. Not only that Merrill Lynch is now taken over by Bank of America. The recession is flow blown. I just hope we do not have a depression. This is really serious.
Answered By: voterperson - 9/15/2008
Sorry about what happened. Join Goldman Sachs or Morgan Stanley.. they are supposed to be the only US I-banks which are going to survive the market turmoil. Goldman Sachs have almost no real losses and any rumours to the contrary are b.s.
Answered By: Ellie - 9/16/2008
go to the hours you're scheduled to go to work, once you make less pay then you normally get, collect unemployment and you will get unemployment till the amount you get runs dry, you might should be able to get unemployment 2 more times i think the 3rd time cause our country is in a very bad situation, we'll be a 3rd... More
Answered By: sephiroth902101 - 9/16/2008
since the company went bankrupt,the government aren't providing financial backstop, they ended up filing for protection under chapter 1 of u.s. bankruptcy. their stock is d**n near worthless and no other company's stepping up to save them, so this company fits the phrase which is known as "they're going straight to... More
Answered By: Paul - 9/17/2008
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