Potential TUPE transfer... what can then happen?
Discussion
I work for a company who is selling a large, but still minority share of one half of the business to a competitor.
I work in a small team, where half of us will remain working for the existing business and the other half will go to the new JV that will be formed.
Given that my background is more closely related to that of the JV business, I can see myself being moved that way.
To further confuse things, written into the contract is that the company purchasing the share will purchase another chunk in a couple of years time, meaning they will have circa 70% share.
I know that under TUPE my contractual benefits will be carried over, but my query is, what can happen down the line? Current employer is stating that there is no intention to change anything at the moment (as you would expect...)
I believe they can renegotiate with all the employees being transferred? Perhaps down the line a little.
My main concern is that my current benefits are significantly better, private medical, much higher life insurance multiple and income protection insurance and that these may at risk down the line.
I work in a small team, where half of us will remain working for the existing business and the other half will go to the new JV that will be formed.
Given that my background is more closely related to that of the JV business, I can see myself being moved that way.
To further confuse things, written into the contract is that the company purchasing the share will purchase another chunk in a couple of years time, meaning they will have circa 70% share.
I know that under TUPE my contractual benefits will be carried over, but my query is, what can happen down the line? Current employer is stating that there is no intention to change anything at the moment (as you would expect...)
I believe they can renegotiate with all the employees being transferred? Perhaps down the line a little.
My main concern is that my current benefits are significantly better, private medical, much higher life insurance multiple and income protection insurance and that these may at risk down the line.
Edited by Miocene on Sunday 15th October 23:12
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