Selling or closing a business
Employers' responsibilities when selling a business
If you are selling your business, any employees will transfer to the new employer. Therefore, you have a legal duty to inform and consult your employees under the business transfer legislation. Understand your responsibilities to employees transferred out of your business.
Informing and consulting with employees
If you already have an information and consultation (I&C) agreement with your employees, you might choose to use this forum for informing and consulting employees about business transfers.