TUPE – Transfer of Undertakings Protection of Employment – will be reformed so that it gives comprehensive coverage to service contracting operations, such as office cleaning and catering.
Reforms will also ensure that employers are better informed of the rights of their employees and it will improve the way TUPE operates when insolvent companies are sold, so that jobs and other businesses are saved.
New requirements will force an old employer to notify the new employer of the employment liabilities it takes on when the business is transferred. The reforms will also better clarify the circumstances in which employers can lawfully make transfer-related dismissals.
Introducing the reforms, trade secretary Patricia Hewitt said they would ‘support business flexibility and restructuring’ and help ‘take the fear out of transfer’.
Hewitt said new regulations would come into effect in Spring 2004.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team