At its second reading in Parliament on March 7, the bill presented by the Labor MP John Heppell which aims at extending to investment funds the Transfer of Undertakings (Protection of Employment) Regulation (TUPE – see our dispatch No. 06797), was not approved. However, the government promised to open talks on this subject with trade unions and private equity. (Ref. 080206)
In spite of the efforts of dialogue between unions and private equity (see our dispatch No. 070673) concerning the latter’s lack of transparency, John Heppell labor MP’s bill failed in Parliament. This text aimed at extending the TUPE regulation to investment funds, thus providing for continuity of workers’ rights in terms of employment contract, working time and pay, which also obliges employers to consult them before a transfer.
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