Redundancy: who is liable?
Q: I am about to sell my business to another broker and under the terms of the deal, only the book of business is being transferred. I am going to have to make all my staff redundant. Can you advise me how to word the redundancy notice.
It is most likely that even though you are selling only the book ofbusiness, which is effectively the goodwill, the Transfer of Undertakings
(Protection of Employment) Regulations 1981 will apply.
Under these regulations, the purchaser takes on, not only the business,
but all of the employees involved with the business being transferred at
the time of the purchase.
However, having said this, there have been recent legal cases where the
purchaser has stated that they do not wish to take on the
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