Transfer of Undertakings Regulations
Many people buying or selling a business fail to consider the implications for the employees already employed by that business. The Transfer of Undertakings (TUPE) regulations may apply in such circumstances.
Getting it wrong is an expensive mistake
Failure to comply with TUPE can be an expensive mistake. A seller is liable for £250 compensation per employee if they fail to provide required information to the buyer at least 28 days before the sale.
A buyer and seller are also jointly liable for failure to inform and consult employees, with compensation set at 13 weeks’ pay per employee. This could be significant dependent on the number of employees involved.
We can help you make sure you avoid costly issues, by managing the TUPE process on your behalf with the following:
- Step by step guidance and advice
- Template letters
- Election forms
- Consultation meeting notes and scripts
- On-site project management support where required.
Our clients feel safe in the knowledge that we are always on hand if anything crops up that they are unsure about during the TUPE process.