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How long have these staff members been employed there for?
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Many thanks for your patience. It is highly unlikely that you would be liable for any redundancy payments or anything else for that matter. Whilst it is true that TUPE does not apply to share transfers, that only means that the employees do not get protection in terms of keeping their existing terms and conditions and other general protection on a TUPE transfer. However, it does not mean that you retain liability should they be made redundant by the new owner. Their employment would have still transferred to the new employer after the transfer but without the protection offered by TUPE in terms of them keeping their existing terms and conditions. However, the new employer would have taken over their employment anyhow and any liability for them, including payments due on termination. Therefore, any claim for unpaid wages, redundancy, etc due after the transfer are the responsibility of the new owner.
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Hi there, sorry the employees will continue working for the company and their continuous employment will not be affected - what happens in effect is that they are working for the same company but with new shareholders, so f these new shareholders want to dismiss them then they will have to do it in a fair way (at least for those with more than 2 years service) and if they are made redundant then they will also get redundancy