up for sale

[jcameron]

If a factory / company goes up for sale, and there are no buyers, and eventually the company runs out of money, would employees, especially with the new landmark ruling whereby if a company has more than 100 employees, would the employees still be entitled to 90 days notice??

[bill preston]

this needs to be asked in either business & finance or law perhaps?

[Reverandfunk]

3 months notice?

Never heard of an employer being obliged to do that

[jcameron]

A recent landmark, court decision, has made it harder for employers to suddenly close workplaces in britain, before the ruling employers were able to dismiss their entire workforce with just a few weeks notice, if they felt that the factory or business was uneconomical, but the ruling now states that any employer who intends to close down a business that employs over 100 staff must give the staff at least 90 days notice.