Redundancies, re-organisation and re-structuring
Thinking about redundancies, re-organising or re-structuring your business?
We realise that making employees redundant, re-organising or re-structuring your business can be a daunting process. Each of these processes involve you, as the employer, following a procedure. It is important that you understand the procedure and the business' position throughout. Our team are on hand to guide you through this.
It is important before making redundancies, that you, as the employer, understand the legal meaning of the word ‘redundancy’ and have correctly identified who you must inform and consult with in relation to the proposed redundancies, this may include trade unions or employee representatives. As an employer you need to ensure that you follow the correct procedure and apply it fairly.
We would be happy to guide you through the process in order to ensure that there are no alternatives to making redundancies and assist you in preventing employees bringing claims against you, for example unfair or wrongful dismissal claims.
There are many reasons that a company may decide it is time to re-organise the group. Some examples include: for tax reasons, as a precursor to an acquisition of a company or business, as a precursor to a sale of a company or business, as a result of an acquisition or to increase business efficiency. Whatever the reason, a re-organisation needs to be carried out following the correct procedure, any company law issues and issues in relation to gaining consent from any third parties need to be identified at the outset.
We will assist you in creating a suitable timetable for this process and help you ensure that all the correct paperwork is filled out and filed in the required timescales.
If your company is in financial difficulty, the creditors may agree to reorganise the company’s liabilities so that the business of the company can survive. In order for a restructure to take place a contract is usually drawn up between the company and the creditors.
Our team will ensure the contract is tailor made to your company to ensure that the best terms are agreed in order to give the business of the company the best chance of survival.
For more information please contact Katherine Maxwell or Naomi Greenwood.