Discussion
I have once. I joined a new company, and ten days later they announced they were being acquired!
The way it worked for us was that any benefits we had which were better than those of the new employer were either kept or compensated for, and we got any which were better at the new employer, so all told it was a big win for most of us. Our office location also only moved about quarter of a mile down the road. I assume not everyone is so lucky.
Whether you actually want to work for the new employer is, of course, another matter, but that's outside the actual TUPE process. In my case, it meant going from an employer with 250 employees worldwide to one over a thousand times bigger, so quite a culture shock for many, although not so much for those who'd only been there ten days!
That was eight years ago. Of the 25 or so people in the UK office, only one didn't move over. A couple more left within the first few months, but a lot of us are still there, and the attrition rate has probably been quite a bit lower than it would've been without the takeover.
Being TUPEd in itself is nothing to be scared of in principle - it's just a set of regulations which protect you as the employee in these circumstances. I'd be more concerned with whether you feel the cultre of the new company is right for you.
The way it worked for us was that any benefits we had which were better than those of the new employer were either kept or compensated for, and we got any which were better at the new employer, so all told it was a big win for most of us. Our office location also only moved about quarter of a mile down the road. I assume not everyone is so lucky.
Whether you actually want to work for the new employer is, of course, another matter, but that's outside the actual TUPE process. In my case, it meant going from an employer with 250 employees worldwide to one over a thousand times bigger, so quite a culture shock for many, although not so much for those who'd only been there ten days!
That was eight years ago. Of the 25 or so people in the UK office, only one didn't move over. A couple more left within the first few months, but a lot of us are still there, and the attrition rate has probably been quite a bit lower than it would've been without the takeover.
Being TUPEd in itself is nothing to be scared of in principle - it's just a set of regulations which protect you as the employee in these circumstances. I'd be more concerned with whether you feel the cultre of the new company is right for you.
We have just been told last week that our division (a small part - 5 employees) of a larger company 150+ employees is being sold off as the company direction has changed. They have said that they will continue to supply orders providing they components can be made for the price quoted by the new firm they will also rent the building we are currently in to the new employer for the next 3 months with a view to buy it, From what i can gather so far is all the machinery is being transfered but alot of the tooling is being retained by the old firm. My main issue is that company who are taking over is has changed name a few times over the last 15 years and the guy that runs it is known for not paying bills and trying it on etc. The whole thing stinks in my opinion and i am now on the look out for new work.
robbo1973 said:
My main issue is that company who are taking over is has changed name a few times over the last 15 years and the guy that runs it is known for not paying bills and trying it on etc.
Which is nothing to do with TUPE - and, in fact, without TUPE you'd be much more vulnerable.To all intents and purposes, all TUPE says is "This is continuation of the same employment, not a new job".
robbo1973 said:
The whole thing stinks in my opinion and i am now on the look out for new work.
Such is your right, of course. Your notice period stands as per your old contract.Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff