I am not a lawyer nor do I play one on TV. Having been in similar situations and also having been almost 10 years since last one........... I'm a bit rusty on the exact terminology or what I was told by a Lawyer but.....In NY State, if you are being terminated, there the needs to be just cause and proper documentation. If they are eliminating the position, they cannot hire another individual for 2 years and title the person the same as you. Case in point.....I was termed as the Executive Chef and when they rehired my Sous the position was renamed Managing Chef and that person could not use the title for 2 years. They can however, rewrite pay scales, job descriptions and titles in any fashion they see fit under a restructuring format. If it's a new company then it falls under just that. Any agreements that were made prior are subject to renegotiation with the new management.
You my friend are stuck in the proverbial "Rock and a Hard place."
As far as unemployment.....you should be able to collect. It may take a hearing and I'm sure the employer will challenge but what they are doing equates to putting a gun to your head. Take this or else............... :laser: It's a scare tactic by the Management team and as long as you have no negative issues or performance plans that they can show just cause for the reduction or elimination.....it's pretty cut and dry. They pay you severance you are terminated. As far as I know, you can apply for unemployment benefits but you just can't collect for the term that the severance covers. If it's 4 weeks of pay then you should become eligible for benefits in 4 weeks. Having been on both sides of the coin here, most Unemployment Agency's tend to favor the employee unless gross insubordination or misconduct is an issue.
Just my two cents worth. Also realize that things are different from state to state but having experiences is IL, GA, SC, NY, WI, FL, MO and KS.....they all seem to operate close to or about the same with no noticeable difference in procedures. Benefits yes but not procedures.
Personally, if you were making 60,000....pay the 500.00 retainer and talk to a real lawyer. :thumb: