What are the implications of restructuring the company for the employees?

In a recent article signed by Andrei Buga– Partner, STOICA & Asociații - the consequences for employees in case of the restructuring and transformation of the business is briefly described.

In the context of a company transfer, the protection of employees implies the maintenance of the rights deriving from individual and collective labor agreements and the prohibition of dismissal on the grounds of the transfer. All obligations of the transferor to its former employees are automatically transferred to the transferee.