Hello Professional,

Greetings!! I am seeking help from you, a professional, on the subject below:

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.

From India, Shirwal
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There could be more than one option:

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

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

From India, Bangalore
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Hi Vitthal, There are some relevant issues discussed in the attached notes w.r.t. matters concerning employees in the case of M & A. Hope this would help you in the circumstances.
From India, Bangalore
Attached Files (Download Requires Membership)
File Type: docx M & A - Transfers of employment contracts.docx (35.8 KB, 246 views)
File Type: docx Mergers & Acquisitions-Employees rights.docx (25.9 KB, 142 views)

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