Hello, my name is XXXXX XXXXX it is my pleasure to assist you with your question today.
Do you think they may go insolvent?
It could go either way Rosemex said they bought the buisness to make it better then sell it on so they may do that
Was the term TUPE mentioned when they took over?
no, not that i can remember no
ok let me get my response ready please
If the company had taken over the old one and continued running the same business then a piece of law called TUPE would have applied and that would have given you certain protection over your employment rights. Basically, your employment would have continued without a break and you would have retained your existing terms and conditions.
What happens next really depends on whether the company is sold again or if they go under. If they are sold again, then TUPE could certainly apply again which would mean you automatically transfer to the new employer and keep your length of service and existing terms and conditions.
If they go insolvent, then it is going to be a redundancy situation. The employer would be looking at making you redundant, unless they can offer you another position that is available. If redundancy is the only option you would be entitled to a redundancy payment, notice pay and any outstanding holidays.
By the sound of it TUPE is what has happened. If it does goe to redundancy what what would I be entotled to?
1. Redundancy pay (https://www.gov.uk/calculate-your-redundancy-pay)2. Notice period as per your contract (must be at least 1 week for every full year of serviuce)
3. Any outstanding holidays for the current holiday year
Thank you that has made it a lot clearer.