When selling your business often owners find themselves conflicted between their desire to maintain secrecy in order to secure the sale vs their legal obligation of process and disclosure of information to their staff.
Recent court cases demonstrate even if staff positions are secure during the transfer if due process has not been evident with staff there is a risk of successful personal grievances.
Read more here:
www.employers.co.nz/selling-your-business-tell-your-staff-news-oct-2024-newsitem.aspx