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Company buy-out


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......long shot but someone might know the answer.

 

When one company takes over a contract bellonging to another company, or buys the business; there is a legal term and process for transfering employees personal details (and gaining their permission to do to) to the new company.

 

Does anyone here know what its called???

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i think it may be T U P E your after which means the company has changed hands but your terms and conditions of employment remain the same, ie rates of pay ,holiday entitlement pension, sick scheme etc. hope this helps.

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