business changing hands

[joe grimes]

My current employer is 'selling' the business but the buyer does not want the name or any assocation with old owner, so its a new name, the new owner is buying the old stock and machinery and also leasing the existing building which the old owner owns, my question is, because its a complete new company what way does my redundancy work, i have 24 years invested in this job.

 

[Mr D]

Are you being made redundant or are you being transferred?

 

[lesliedocherty]

there was another post regarding this, that although the new owner might not want/like it, the employeees could be subject to TUPE

 

[Clinton]

Yes, it looks like an asset sale, TUPE would apply. New owner has to employ you on same terms or pay redundancy.

 

[Newchodge]

Yes, it looks like an asset sale, TUPE would apply. New owner has to employ you on same terms or pay redundancy.

although redundancy is only an option if there is a real redundancy situation that is not related to the transfer