RSS

New management

Article Date:  Feb 01 2009

Unfortunately, there is no such thing as job security any more in any industry, but in these circumstances you will have protection against unreasonable treatment.

The Transfer of Undertakings Protection of Employment (TUPE) Regulations 2006 will probably apply here so, in practical terms, what this means is that the new owners cannot simply change your terms and conditions without your agreement and they cannot dismiss you because those terms are inconvenient. However, while employees cannot simply be dismissed and replaced with new people because the new owner doesn’t like their existing terms they can be dismissed if it is for an economic, technological or organisational reason connected with the workforce.

If the new owners re-organise in such a way that they need fewer people or that they do not need staff to carry out the same range of functions then employees may be dismissed. The new owners will be expected to provide clear evidence of the reasons for dismissal in order to demonstrate that any dismissals were not for reasons related to TUPE.

You need to talk to the current owners to find out what the potential new owners are planning on doing and consult about the situation so that you know where you stand.

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments  [3]

joanne berry
Friday 23rd April 2010

i will be taking over the managers job were i work, do i have the right to change staff. ie: change old staff for new staff

Report this comment »
joanne berry
Friday 23rd April 2010

It will be the same owner, as he wants me to be the new mnager, he will be stepping back on the buissness, do i have the legal rigth to change staff

Report this comment »
joanne berry
Friday 23rd April 2010

how much pay rise should i ask for as my new role as a manager

Report this comment »

Sign up and get... /

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

Events Calendar

Rosenblatt New Energy Awards 2011 - Nominations Now Open

24th February, Natural History Museum, Cromwell Road, London SW7 5BD

Investor AllStars 2010

23rd September, London Hilton, Park Lane

More

More News: Small-Cap Spotlight

PetroLatina scoops £7.4m 

Colombia-focused PetroLatina Energy has raised $11.5 million (£7.4 million) from two key shareholders to fund exploration.  

Dana Petroleum hails Egyptian discovery

Oil and gas producer Dana Petroleum says it has discovered a new oil field at North Zeit Bay in the Gulf of Suez.

Peel Hunt £74m buy-out clinched

Belgian finance group KBC has agreed a $115.6 million (£74 million) management buyout for its UK broking arm Peel Hunt.

Advertisement

Poll

Will the Emergency Budget be good for your business?



Have your vote on current issues

People who read this also read

  • Electro Power secures £4.7m

    Italian fuel cell manufacturer Electro Power Systems has secured a €5.4 million (£4.7 million) funding round led by a private investor and its existing venture capital investor, 360° Capital Partners. For more deals click here
  • VC backers exit Purple Labs

    French mobile phone software company Purple Labs is being acquired by Swiss-based Esmertec, providing an exit for the company’s backers.
  • Online crime 'costs each firm £750'

    Small companies lose more than £750 a year to online crime and fraud, the Federation of Small Businesses (FSB) reports.
  • Small businesses unimpressed by Budget promises

    There was little for small businesses in this year’s Budget as the Chancellor focused on helping families, pensioners and first-time homebuyers, ahead of the General Election.
  • What kind of boss are you?

    A third of all bosses are inspirational, motivational and concerned with their staff’s wellbeing, according to a new survey from Lloyds TSB and Working Families.

White Papers

"The Green University" Blossoms with HP Planet Partners, HP PurchasEdge

Learn how an environmentally committed university system reaps environmental, cost benefits with HP Planet Partners, HP PurchasEdge.

'Close More Deals with Less Effort' - EchoSign Webinar: July 21, 11am PT (1pm CT / 2pm ET)

See how E-signatures can be your secret weapon in closing your deals faster and improving your sales performance.

1Z0-040 Oracle Database 10G New Features for Administrators Practice Exam

Oracle 9i administrators can certify on Oracle 10G by passing this exam. The ExamForce 1Z0-040 Oracle Database 10G New Features for Administrators practice exam provides their unique triple testing mode to instantly set a baseline of your knowledge and focus your study where you need it most.

More