Bosses are being urged to be vigilant as a raft of employment law changes come into force over the next few months, which started 31 January with amendments to the TUPE regulations which affect companies that are being bought and sold.
On 31 January 2014, The Collective Redundancies and Transfer of Undertakings Regulations 2014 come into force. Despite earlier publicity suggesting that there would be significant changes to the TUPE regime, the amendments provided for in the Regulations are relatively minor in nature.
A business changing owner will find the process of the transfer easier, fairer and more effective through reforms recently announced by Jo Swinson.
If you’re considering selling or buying part of a company, make sure you know what rights your staff have under TUPE, warns Julie Sillito.