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Company is selling... employment rights??

26 replies

Lunamoon23 · 12/09/2024 15:32

Hello.

I work for a small family run business and they told us a couple months ago that they'd decided to put the buisness up for sale.
We were informed today that there is someone who is interested and understandably it's left all the staff a little worried.

I'm wondering if anyone has any experience in employment law that could answer some questions for me and the staff.
(Side note, we all have employment contracts)

Im the manageress and have been with the buisness for 15 years.
I am paid a generous salary, have increased annual leave due to length of service and work set days and hours every week.

Can the new owner legally change any of that??

Our opening hours are quite short but they're 7 days a week.
Can the new owner legally change our opening hours and enforce staff to work them? (Many are worried about this as many staff have children, the hours allow for school drop off and collection)

We are paid a bonus every Christmas.
Can the new owner remove this legally?

And anything else that you can inform us of in regard to our rights as employees with new ownership taking place.
We are not part of a union or anything. Our current employers are fantastic, and we're all gutted they could be changing and understandably worried about what this could mean for us.

Happy to answer any questions if more info is needed xxxxx

OP posts:
Lunamoon23 · 12/09/2024 16:44

BraveFacesEveryone · 12/09/2024 16:24

TUPE actually only applies if it’s a transfer of undertaking. If they are selling the business by way of a share buy-out and the identity of the business remains the same but there are new owners/shareholders then everything just continues as normal. So it really depends on how the purchase is going to be done. But even if it’s not a TUPE it doesn’t mean they can’t consult with you to change any number of your terms and conditions (within the statutory boundaries for things like annual leave and pay of course).

Sorry, so does that mean ether way our annual leave and pay is protected. But in regards to other aspects like hours/days worked that could be changeable ether way.

The business is remaining the same, sold as seen sort of situation, no change of name (as far as I'm aware but would seem strange to given the success it's had) it will just be new owners of the buisness itself.

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