Labor law issues associated with restructuring
Corporate restructurings such as mergers, transfer of undertakings, and downsizing can create formidable human resource challenges. The complexity of these, including the harmonization of social policies, increases significantly when the restructuring involves operations or entities located in multiple countries, or when it occurs within a regulated industry.
CTSU works with business throughout a transaction from help with strategic decision making to drafting of required documentation. We can participate in negotiations with the labor authorities and handle collective claims in various jurisdictions. CTSU assists businesses with:
- Provisional timetables, communications relating to consultation with worker representatives, negotiations with the trade unions and labor administrations and drafting of all mandatory or desired documentation;
- Acquisition and vendor due diligence and compliance reviews;
- Collective economic terminations or redundancy programs including employment protection plans, implementation of the termination process, information and consultation with staff representatives, and interactions with the labor authorities.
CTSU lawyers provide companies with rounded advice based on the individual business needs of individual circumstances. CTSU and Deloitte Legal network teams have significant experience working cross border.