Restructuring and EPP
In an economic climate that is increasingly competitive, globalised, fluid and complex, the survival and growth of a company depends on its ability to adapt to a changing market. In light of this, many companies undergo restructuring, and this takes many forms (reduction in headcount, severance schemes, closure of premises or production sites, transfers, mergers and acquisitions, process re-designs, internal reorganisation, etc). Regardless of the process used, they all have considerable implications in both financial and human terms. At a time when corporate social responsibility is gathering momentum, these strictly-regulated procedures are the focus of repeated reforms of employment and social welfare law, both at national and European level. In 2013, fundamental reforms were made to employment protection legislation, specifically with regard to mass redundancies on financial grounds with the introduction of employment protection plans (EPPs). More recently, the “Macron” act revisited the law on company restructuring. Whether you are planning to reorganise, make mass redundancies that require an EPP, or conduct a transfer, merger or acquisition, it is vital that you are supported every step of the way by experts in the legal and regulatory issues that will arise.
Drawing on their considerable experience in this area of law, and their in-depth, constantly-updated knowledge of the legal framework governing such matters, our specialist employment and social welfare lawyers will help you to restructure your companies in France or abroad and manage the impact on your employees. They act in an extremely wide range of cases: transfers of undertakings (merger by absorption, transfer of a business as a going concern, universal transfer of assets and liabilities, outsourcing, etc), management and security of all aspects of corporate restructuring, help with career and skills management plans, mass redundancy procedures, employment protection plans and transfer plans, and due diligence on corporate purchases. Given the number and significance of the challenges and the complexity of the issues at stake, our lawyers work closely with our experts in tax and company law to offer comprehensive, pragmatic and sustainable solutions, which will enhance your competitiveness.