Navigating MNC Acquisitions: What Kind of Transfer Letter Should We Give Employees?

Hello Professional, I am seeking help from you, a professional, on the subject below:

Scenario of MNC Acquisition

The scenario is that one MNC company has acquired another MNC, including their assets and manpower, ensuring employment and service continuity. I need your assistance in preparing the letter. Which letter should we hand over to employees? Do you have a draft?

Thank you in advance.

Options for Employee Communication Post-Acquisition

There could be more than one option:

1. Re-issue the appointment letter with detailed terms and conditions of service consequent to the acquisition.

2. Execute a bi-partite agreement, mutually signed, mentioning therein, among others, continuity of service, EPF, Gratuity, seniority, etc.

There are some relevant issues discussed in the attached notes regarding matters concerning employees in the case of M&A. Hope this helps you in the circumstances.

Regards, Vitthal