Company Mergers

KaHn · 1 Apr 2009 at 15:15

Had a company press conference this morning about the company I am working for merging with another large company, just wondering what that means realistically as I've never been through this with a company before.

http://www.gl-group.com/presse/11627.php

Companies in question.

KaHn

Sankari · 1 Apr 2009 at 15:17

Who's taking over whom? These transitions are rarely a meeting of equals.

Expect wholesale staff cuts and redundancies.

KaHn · 1 Apr 2009 at 15:19

Evangelion said:
Who's taking over whom? These transitions are rarely a meeting of equals.

Expect wholesale staff cuts and redundancies.

Nope it is a merger as both are consultancies so the money is with the staff not their property, no staff changes as each company work different sectors and is being done to increase growth rate.

KaHn

Rotty · 1 Apr 2009 at 15:26

Evangelion said:
Who's taking over whom? These transitions are rarely a meeting of equals.

.

Exactly, merger is often used to make ot appear equal

HP/Compaq was officially a merger

Sankari · 1 Apr 2009 at 15:26

KaHn said:
Nope it is a merger as both are consultancies so the money is with the staff not their property, no staff changes as each company work different sectors and is being done to increase growth rate.

KaHn

Ah, so it's a consolidation merger. I've never had one of those; only the takeover type.

You're a lucky man.

philjohn · 1 Apr 2009 at 16:05

Unless you're in HR or Legal you shouldn't have much to worry about - those are the people that go first as who needs 2 HR or legal departments?

misterPK · 1 Apr 2009 at 16:07

Pray to god it isn't an american company, cos if it is you have to jump through a million burning hoops to comply with annoying SOX regulations.

PK!

Dolph · 1 Apr 2009 at 16:09

Research TUPE, it details what protections you have and don't have.

KaHn · 1 Apr 2009 at 16:11

Just to point out I am a structural design consultant, and one of 4 staff in my office so not much chance of me going, if their was I would move back to Aberdeen

KaHn

RDM · 1 Apr 2009 at 16:11

Dolph said:
Research TUPE, it details what protections you have and don't have.

Depends on how the merger is done. It may be that both the individual companies stay as seperate entities they are just then owned by an umbrella company. In which case TUPE doesn't apply.

Rotty · 1 Apr 2009 at 18:14

RDM said:
Depends on how the merger is done. It may be that both the individual companies stay as seperate entities they are just then owned by an umbrella company. In which case TUPE doesn't apply.

not totally related but if employees were transferred from one company to a wholly owned ( but seperate legal entity ) company owned but the first company would TUPE apply ?

Bear · 1 Apr 2009 at 18:47

Rotty said:
not totally related but if employees were transferred from one company to a wholly owned ( but seperate legal entity ) company owned but the first company would TUPE apply ?

No I dont think so, as we had the same thing happen to us and we just stayed on the same contracts.

One thing of note about TUPE aswell is, if the company that takes you over is owned by a Private Equity firm TUPE doesnt apply.

Doran · 1 Apr 2009 at 18:50

Dolph said:
Research TUPE, it details what protections you have and don't have.

TUPE only applies to asset sales, not share sales.

For share sales, employees are automatically transferrred over.

For asset sales, employees are passed over because of their protection under TUPE.

In other words, if any part of any business buys any part of whole of another, employees are automatically protected.