transferring employee

A transferring employee is someone who goes from working for one employer to another because the business they work for has been transferred to a new owner.

In cases where a business is sold or changes hands, employees who continue their jobs under the new management are known as transferring employees. This situation often arises during mergers, acquisitions or any scenario where the ownership of a business changes. The rights and obligations of these employees, including their tenure, benefits and employment terms may be affected by the transfer.

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