Question: If employees are terminated without notice at the instant the sale becomes...seller or the buyer?
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3/1/2012 3:29:58 PM |
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3/1/2012 3:29:58 PM |
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Answer
Q: If employees are terminated without notice at the instant the sale becomes effective, which party is liable—the seller or the buyer?
A: The seller. In the case of the sale of part or all of a business, the seller is responsible for providing affected employees with notice of any plant closing or mass layoff that takes place up to and including the effective date (time) of the sale, and the buyer is responsible for providing notice of any plant closing or mass layoff that takes place thereafter.