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Job Security In Business Restructuring And In Sale & Mergers - Law Wise Professional Corporation
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Job Security In Business Restructuring And In Sale & Mergers

To meet the demands of a constantly changing, challenging and highly competitive economy, and several businesses at times face the need to restructure its human resources to improve efficiency and productivity.

 

A restructuring or reorganization of a company can include rethinking its reporting hierarchies, adding/eliminating or merging jobs, clarifying roles and responsibilities, realigning a brand or the products which are offered, building the skills

of the managers, downsizing of the company, merging with other companies or organizations, and/or changing a department or corporate structure.

 

When an employer restructures their business or organization, many legal obligations need to be highly regarded and complied to avoid liabilities. For example, employers may be held liable for unilaterally changing the terms and responsibilities of long-term employees. Employers may be held liable for reducing their employees’ pay or causing a loss of prestige in the employees’ position.

 

 

Sale & Mergers of a Business

 

Purchase, sales or mergers of a company can have implications in the area of employment law. There are implications for both unionized and non-unionized employees.

 

Many standards and requirements have to be followed under the Employment Standards Act when a purchaser decides to close one of the vendor’s acquired establishments and/or perform a mass termination. It is critical to abide by these standards and requirements, to avoid possible litigation.

 

For unionized employees, the purchaser is bound by the obligations and rights under both the Labour Relations Act and the collective agreement.

How Can Law Wise Help?

LAW WISE employment lawyers understand the importance of the obligations placed on the employer when restructuring their workplace. Our employment lawyers can advise and guide an employer through the proper steps of restructuring and reorganizing the workplace to limit any potential liability for a potential wrongful dismissal lawsuit.

 

We are dedicated to protecting your interests during the purchase, sale or merger of your business and ensuring that the transaction goes well. We will provide strategic and legal advice throughout the process, as we understand the challenges, which you may face, and the factors that need to be considered to protect your interests in the long run.

 

Our experienced lawyers can also help to minimize brand and reputation damage by the mismanagement of workplace restructuring, merger and sale. Further, if a lawsuit is unavoidable, our lawyers will vigorously represent your company’s interests in the course of the legal proceeding with your company’s best business and legal interests in mind.

 

Call us at +1 647 948 7819 today!

 

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