Transfer of undertakings
When there is a transfer in ownership of a company, it is required that all existing employees are retained. There are some exceptions to this rule but in the majority of cases the new owners will have to take on the existing workforce. Given the financial consequences of getting this wrong it is vital to ensure that no mistakes are made.
At Ashton Morton Slack the Company Commercial & Employment teams work very closely on the purchases of businesses to ensure that The Transfer of Undertakings (Protection of Employment) Regulations (known as 'TUPE') are complied with and that any potential problems are identified at an early stage so they do not hold up the transaction.
If you would like expert legal advice on any matter relating to employment law please contact Ashton Morton Slack on 0114 228 6235 or email our solicitors by clicking here.
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