The company I work for was sold Friday,all employees were given P45.New owner is taking on all staff and from what we can assess is taking over the holiday obligations.
Shouldn't we have got paid? doesn't a P45 mean end of working for old company? Also the company has a new name now etc.
2007-12-10 07:25:24 · 2 answers · asked by jesus_ate_my_underpants1000 1 in Business & Finance ➔ Other - Business & Finance
Correct, you are no longer working for the old company BUT when a take-over happens, either your job is transferred (under the TUPE regulations) to the new Company OR you are made Redundant (and then get redundancy pay, but no job).
Looks like you get to keep your job (for TUPE see link)
2007-12-10 08:23:45 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
if the new owner is taking you 'over' you should have been given some paperwork to say you were 'tuped' . he must honour all conditions of your current contract. but as its a contiinuation of employment no money is paid to you. as you are still effectively employed.
i suggest you look at
http://www.dti.gov.uk/employment/trade-union-rights/tupe/page16289.html
good luck.
2007-12-10 15:31:17 · answer #2 · answered by genkilady 4 · 1⤊ 0⤋