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Originally Posted by Ammi
…yeah, I realise that money must exchange hands to be legally binding but it’s still surely connected to debt liability as well…?…honestly these company owners are horrendous and have no care at all for their employees…the ones who helped put the dollars in their pockets…
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It all gets very complicated, there are different rules depending on the method of transfer of ownership. Mergers for example, i believe ensure that existing contracts have to be honoured, or at least they did in my day. Straight change of ownership doesn't provide as many, if any, safeguards to employees, so employee contracts can basically be ripped up
P&O ferries are another example of doing the dirty on your workforce