Can my employer change my contract if they are in financial trouble?
Only as an absolute last resort to avoid insolvency, and only after thorough, meaningful consultation.
For an employer to legally modify core terms under the financial difficulty exemption, they must satisfy a strict three-part test proving the business's viability is at immediate risk. The Workers of England Union uses highly experienced, external advocates to interrogate company accounts during these mandatory consultation periods. We ensure employers do not use "financial difficulty" as a smokescreen to cut your pay or downgrade your working conditions.
This Article is Tagged under:
Exemption, Contract Changes, Financial Distress, Union Consultation, Business Restructuring
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Is it illegal for my boss to use fire and rehire?