Pay reductions
with the new company probably won't happen.
There probably won't be widespread changes affecting employee wages and benefits as part of a greater expense control plan. In all likelihood ESL’s lawyers and advisors have already assessed current pay scales and benefit costs, and that analysis could prompt some increases to both regardless of state labor laws.
ESL won't require certain employees to reapply for their same positions by realigning their duties and rebranding job titles. There’ll be more jobs posted up for internal recruiting.
Happily, this sounds like the most likely option going forward. There most likely won't be layoffs, and expect to still receive pay and benefits across the board.
Well said by @XP7PWyy