Mergers and acquisitions refers to the consolidation of companies. A merger is the combining of two companies to form a new company. An acquisition is the purchase of one company by another company.
The key area for HR departments during mergers and acquisitions is TUPE transfers. Transfer of undertakings (TUPE) laws safeguard employees’ rights when there is a transfer of a business or service from one organisation (the transferor) to another organisation (the transferee).
While more than half of HR professionals expect an increase in mergers and acquisitions (M&A), two-thirds feel do not feel fully prepared.
Employee benefit providers Benefex and Benify have merged to become one business known as Benifex.
The global reward and benefits...
The companies say they will cut up to 7% of their combined employee base.
The government has approved the takeover of Royal Mail’s parent company to Czech billionaire Daniel Kretinsky.
Proposed merged law firm Herbert Smith Freehills Kramer (HSF Kramer) would become one of top 20 firms in the world.
Mergers and acquisitions are arguably some of the biggest changes that a business can face and the implications on the workforce can be sizeable.
Nationwide Building Society is considering buying Virgin Money for £2.9bn, and expects to retain all staff if the deal goes ahead.
Yodel's acquisition by new company YDLGP has saved thousands of jobs, as the firm could have appointed administrators.
About 2,800 of Tesco’s banking staff are to transfer to Barclays.
Microsoft has revealed 1,900 job losses in its gaming division - mainly roles at Activision Blizzard, which it acquired three months ago.
The Society of Occupational Medicine (SOM) has entered into a strategic partnership with the Commercial Occupational Health Providers Association (COHPA),...
The Government of Jersey scooped the coveted HR Team of the Year title at the 2023 Personnel Today Awards.
More redundancies at Wilko have been announced, despite administrators finding a buyer for a number of the high street retailer's stores.
Occupational health provider PAM Group has expanded into the Republic of Ireland by buying up OH provider Corporate Health Ireland...
PAM Group acquires the physiotherapy business of Connect Health, increasing its network of physiotherapists.
