Current Size: 100%
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.