I (and all colleagues) have been given dismissal notice as my boss is retiring. I am interested in taking a lease on the property (from him) and carrying on the business. He says I would need to buy the business for it to be legal (and take on the employees and lose my redundancy!).
He's putting it up for lease anyway and would love for me to start the same business but both my solicitor and his solicitor say it's a breach of TUPE law - Transfer of Undertakings (Protection of Employment) Regulations .
Is there any way around this so I don't lose my redundancy and don't have to take on the full team? Our dismissal was not because I wanted to buy the business but a result of my dismissal and I need my redundancy package.
He says I can lease it and start any other type of business except the one we're in! Help! I want to transition the business seamlessly and have been waiting for this shot for 20 years! I can't start from scratch in another location or town due to the nature and current reputation of the business.
He's putting it up for lease anyway and would love for me to start the same business but both my solicitor and his solicitor say it's a breach of TUPE law - Transfer of Undertakings (Protection of Employment) Regulations .
Is there any way around this so I don't lose my redundancy and don't have to take on the full team? Our dismissal was not because I wanted to buy the business but a result of my dismissal and I need my redundancy package.
He says I can lease it and start any other type of business except the one we're in! Help! I want to transition the business seamlessly and have been waiting for this shot for 20 years! I can't start from scratch in another location or town due to the nature and current reputation of the business.