company sold & unsure about jobs

[scarletto]

Hi been in my job for 12 years, last week the owner introduced new owners, nobody had any idea it was being sold (its a small family business) new owner had a 5 min meeting to tell that contracts stay same and jobs are safe, and thats it,can they do this? what do i do if they change conract in the future? the company name is the same, its a ltd company, thanks in advance for any info

[Sidewinder]

Originally Posted by scarletto

Hi been in my job for 12 years, last week the owner introduced new owners, nobody had any idea it was being sold (its a small family business) new owner had a 5 min meeting to tell that contracts stay same and jobs are safe, and thats it,can they do this? what do i do if they change conract in the future? the company name is the same, its a ltd company, thanks in advance for any info

Hi Scarletto and welcome to the forum. The law surrounding TUPE (Transfer of Undertakings and Protection of Employment regulations) now gives you a good deal of protection where the ownership of a company changes. Most of what you need to know can be found HERE but essentially the new owner has to maintain your Terms and Conditions exactly as they are. If the new employer wants to change your contract in the future this can only be done with your permission, through a process of negotiation.

Hopefully it will all go smoothly, but your old (or new) employer has a duty as a part of the consultation process neccessary under TUPE and should be ready to face any of your questions in the first instance.

[scarletto]

thanks for the advise, much appreciated