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Redundancy-Business taken over by another firm

  • 17-06-2006 1:25pm
    #1
    Closed Accounts Posts: 29,473 ✭✭✭✭


    Just a general question.
    If the company you work for is sold off and is then purchased by another company, are you entitled to be made redunant or are you simply taken over by the new company whilst still under the same contract?


Comments

  • Registered Users, Registered Users 2 Posts: 5,566 ✭✭✭Gillo


    Thats a funny one, not sure if I am reading it correctly, but you want to be made redundant??

    I know if a company takes over another company, then employees are legally guaranteed their positions, they can't be just "layed off", but I don't see why you would actually be entitled to be made redundant.


  • Moderators, Recreation & Hobbies Moderators Posts: 21,254 Mod ✭✭✭✭Dub13


    gillo wrote:
    I know if a company takes over another company, then employees are legally guaranteed their positions, they can't be just "layed off", but I don't see why you would actually be entitled to be made redundant.


    I think (I must add I work for a semi state so this is not my field) that a new employer only has to guarantee your work condition's for one year after they take over.Then everything is up for negotiation again.


  • Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana


    What I am saying is if the present employer sells up and moves on and someone else buys it but totally changes the business to something I don't want to do, where do I stand? Surely I would not have to accept a contract from the new company and as the first company is gone?


  • Registered Users, Registered Users 2 Posts: 831 ✭✭✭Carb


    You work for the company, not the owners (assuming its a Ltd Co.), It is still the same company, and any future contracts are from the same company. No new company has been created. Even if there's a change in business, your not entitle to redundancy. If however, any terms of your contract are been breeched, you may have other legal options


  • Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana


    What's likely to happen is that company A is closing and they sell the assets, lock stock and barrell to another crowd we shall call company B.

    It is likely that B will do something totally different which no one would want to do. In that situation I personally would prefer to be made redundant.


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  • Registered Users, Registered Users 2 Posts: 1,498 ✭✭✭wayne040576


    Bond-007 wrote:
    What's likely to happen is that company A is closing and they sell the assets, lock stock and barrell to another crowd we shall call company B.

    It is likely that B will do something totally different which no one would want to do. In that situation I personally would prefer to be made redundant.
    Based on my own experience, company B should offer you a new contract. It is essentially a new job. You take it or leave it.


  • Registered Users, Registered Users 2 Posts: 288 ✭✭DSN


    where i work, the comp took over another & there had to be loads of redundancies & office closures as lots of work overlap. Plenty of senior mgrs & directors etc either had to take demotions &/or relocate or a package. Company didnt want bad publicity or legal problems so they offered good packages & most were happy to take the cash & go. If the new company want you to move to another city then you may be able to look for & get a redundancy package but the laws on this sort of thing in ireland is pretty crap so depends on the precedent set by the company in the past with redundancy payouts.


  • Registered Users, Registered Users 2 Posts: 14,378 ✭✭✭✭jimmycrackcorm


    You work for the company regardless of ownership so it is no different to the original company changing and either instituting redundancies or offeringyou an alternative position.


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