How are my employees affected by the sale of the company?

In a share transfer, employment contracts continue unchanged; the employer legal entity does not change. In an asset transfer, the rules on transfer of the workplace apply and the acquirer becomes the employer together with the existing rights. We design employee communications and the transition plan in step with the transaction timeline.

In a workplace transfer, employees’ rights accrued before the transfer pass to the acquirer, and the transferring employer remains jointly liable for those debts for two years. The transfer alone is not a valid ground for dismissal. We tie employee notification and the protection of severance and notice entitlements to the transaction timeline.