The Law on Social and Solidary Economy, permanently adopted by the National Assembly yesterday July 21, 2014, introduces an obligation to inform employees early in case of the sale of a healthy company with 250 workers or less. The goal is to allow employees to take over the company if they wish. Meanwhile, the law completes the recent obligation to look for a buyer for undertakings or groups of undertakings with 1,000 employees or more (from the ‘Florange Act’) after the Constitutional Court invalidated the part sanctioning the failure to comply with this obligation.
The government has made takeovers of health sites one of its flagship measures to save jobs and avoid layoffs. After the ‘Florange Act’ adopted in February, which introduces the obligation for large businesses to look for a buyer (see below), the Law on Social and Solidary Economy contains provisions making it easier for employees to take over their company.
Right to prior information in case of a sale. The Law on Social and Solidary Economy (regarding the bill, see article No. 130504) introduce
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