What is TUPE?
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What is TUPE?
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Buying a business? Then you need to know about TUPE.
In this episode, Chris Sutton sits down with Simon Fenton, Head of the Employment Law team at Fenton Elliott Solicitors, to break down one of the most misunderstood areas of business acquisitions: the Transfer of Undertakings (Protection of Employment) Regulations, better known as TUPE.
Simon explains what TUPE actually means for buyers and employees, including:
- Why it matters whether you're buying shares or buying the business itself
- What happens to employees' contracts, pay, and pension arrangements when a business changes hands
- The serious financial penalties for failing to consult employees properly
- Why can't you simply "agree" your way out of TUPE
- How to handle redundancies the right way when streamlining a newly acquired team
Whether you're buying, selling, or advising on a business acquisition, this episode is essential listening before any deal is signed.
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