Employee Transfer Agreement Singapore

Under the Danish Act on Workers` Rights in the Event of a Transfer of an Undertaking, workers` employment contracts are automatically transferred in the event of a transfer of an undertaking or a change in the provision of services. In the case of an asset agreement, the parties may agree to take over the employment contracts, which requires the employee`s agreement. Employees may also be laid off and rehired, which would result in the seller being held liable for a separation indemnity of one month per year of service or at least 1 month`s salary, whichever is greater. The application of the above laws may vary depending on the nature of the transaction; whether employees are transferred by separation or business transfer. .