I have a few queries
Our company is in the middle of an acquisition - the potential buyer has been in a couple of our facilities and rumour has it that it is very close to doing a deal. Now none of the staff have been given this information directly from their managers but it has come from outside sources.
Anyway my queries are:
(1) If the company is in the middle of an acquisition must they notify the employees of this? At what stage do they have to inform the employees? I read on some legislation that it must happen 30 days before a transfer ? Is a transfer defined as the companys' signing along the dotted line or when?
(2) If the new company does take over do they have to keep the staff for a 6 motnh period before any redundancies take place or can they make the staff redundant from the day they take over the company?
In no mans land really at the moment?
Our company is in the middle of an acquisition - the potential buyer has been in a couple of our facilities and rumour has it that it is very close to doing a deal. Now none of the staff have been given this information directly from their managers but it has come from outside sources.
Anyway my queries are:
(1) If the company is in the middle of an acquisition must they notify the employees of this? At what stage do they have to inform the employees? I read on some legislation that it must happen 30 days before a transfer ? Is a transfer defined as the companys' signing along the dotted line or when?
(2) If the new company does take over do they have to keep the staff for a 6 motnh period before any redundancies take place or can they make the staff redundant from the day they take over the company?
In no mans land really at the moment?