Change of employer and the TUPE agreement.
Discussion
After some advice from anyone who's been through this.
The company I work for is having a pretty bad time of it at the moment,
and I would be surprised if they are still around in 12 months time.
My department has been bought out by another firm and from what we have been
told, we will be working for them under the same terms and conditions that we have at the moment, under the TUPE agreement.
We are off to meet the new bosses on Friday and I wanted to know if anyone had been through a similar thing, and what your experience was.
Are there any questions I should be asking?
ETA, I'm off to work now so any advice will be much appreciated.
The company I work for is having a pretty bad time of it at the moment,
and I would be surprised if they are still around in 12 months time.
My department has been bought out by another firm and from what we have been
told, we will be working for them under the same terms and conditions that we have at the moment, under the TUPE agreement.
We are off to meet the new bosses on Friday and I wanted to know if anyone had been through a similar thing, and what your experience was.
Are there any questions I should be asking?
ETA, I'm off to work now so any advice will be much appreciated.
Edited by Baby Huey on Thursday 18th December 07:53
The idea of TUPE is that it protects you, in that NewCo is supposed to employ you under the same terms and conditions as your current employment contract. One area worthy of note is that there is no longer an absolute requirement to replicate pension provision, if the scheme you are in now offers benefits on a final salary basis. NewCo can put you into a defined contribution scheme, with a much smaller contribution rate. ONly applies if your current employer offers a final salary scheme, but worth asking the question.
Percy Flage said:
The idea of TUPE is that it protects you, in that NewCo is supposed to employ you under the same terms and conditions as your current employment contract. One area worthy of note is that there is no longer an absolute requirement to replicate pension provision, if the scheme you are in now offers benefits on a final salary basis. NewCo can put you into a defined contribution scheme, with a much smaller contribution rate. ONly applies if your current employer offers a final salary scheme, but worth asking the question.
I'm not on a final salary pension.Baby Huey said:
How long is the TUPE period? Is it set or negotiable?
It applies at the point of transfer. After then, any change to your contract of employment would be by negotiation, just as it is with your current employer, although there are caveats to this. This link might help.
Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff