It’s important to be aware that there are employment law implications when buying or selling a business or taking over or losing a contract.
This is because the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) apply when there is a transfer of a business or a Service Provision Change (SPC). A SPC is essentially means outsourcing, in-sourcing or the transfer of a contract for services from one contractor to another.
When TUPE applies, the employees who are affected by the transfer are entitled to transfer to the new owner or contractor on exactly the same terms and conditions, with their continuity of employment intact.
TUPE also places obligations on the outgoing and incoming employer to provide certain information and undertake consultation with affected employees.
We can offer advice and assistance throughout the TUPE process, including being able to offer you a full HR service with a fully qualified HR specialist there to support you in your business during the entire process.