If company will going to acquisi by third party, what is the right procedure to "transfer" all the employee from existing company to a new company as both companies areb not related.
What kind of letter should issue from existing company to all employee to notify them & legally "transfer"?
Does existing company responsible to notify Labor Office on the above? any form to be fill up?
Benefits & term & conditions are remained unchanged once transferred to new company.
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The existing company must issue a termination letter and the new company must simultaneously offer new employment letter stating that service will be recognised and that they will enjoy the same benefits as provided by the existing company.
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