What happens to my contract of employment when my employer's business has been the subject of a share takeover?

You are still employed by the same employer and your contract of employment continues in the normal way. You will not be protected by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (commonly called TUPE) as share transfers are excluded.

TUPE only applies where the legal identity of your employer changes. In a share transfer, the legal identity of your employer stays the same, even though the ownership of the shares in your employer changes.

Note: This content is provided as general background information and should not be taken as legal advice or financial advice for your particular situation. Make sure to get individual advice on your case from your union, a source on our free help page or an independent financial advisor before taking any action.