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Stock Aquisition

Gemma

Hi

My name is Gemma and I am a HR Advisor for a Learning Company. I'm about to get involved in a stock aquisition and wonder if there is any advice that can be shared with me or any loop holes that should be considered specifically around car allowances etc. Can we change their terms as this does not fall under TUPE to my knowledge.

Thanks in advance

Gemma - Birmigham

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  • Hi Gemma, welcome to the forums
    If the share ownership of the existing company changes, and the company continues to exist then the employment contracts of the employees do not change and they remain employed by the same company - no TUPE
    That does not mean contractual conditions can be unilaterally modified at a whim
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  • Hi Gemma, welcome to the forums
    If the share ownership of the existing company changes, and the company continues to exist then the employment contracts of the employees do not change and they remain employed by the same company - no TUPE
    That does not mean contractual conditions can be unilaterally modified at a whim
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