Commonly, employees are a key aspect of such transactions and our employment solicitors can advise whether the TUPE Regulations apply and if employees will transfer with the sale of the business.
If the TUPE Regulations do apply then we can guide you through your duties which may include:
- Informing the employees of the transfer
- Consulting with the employees regarding any proposed changes to the terms and conditions or introducing “measures” (minor changes)
- Providing or receiving critical information about the employees (“Employee Liability Information”)
- Preparing documentation to record your compliance with the TUPE Regulations.
We can also advise on the best course of action should an employee object to the proposed transfer.
It is common for business sales and purchases to lead to redundancies for some members of staff. We deal with these issues all the time and can advise you upon all the relevant considerations and the correct procedure to be followed.