| Buyer Beware: The Hidden Cost of Labor in an International Merger and Acquisition Contributor(s): Medici, Elvira (Author), Spievack, Linda J. (Author) |
|
 |
ISBN: 1631575988 ISBN-13: 9781631575983 Publisher: Business Expert Press OUR PRICE: $19.79 Product Type: Paperback - Other Formats Published: December 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Business Law |
| Physical Information: 0.19" H x 6" W x 9" (0.30 lbs) 79 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Recent years have seen a huge growth in European cross-border mergers and acquisitions (M&A), and considerable attention has been given to how such deals arise and are completed. A U.S. investor must understand the basic difference in the principle of individual labor law in the U.S. and how it compares with the laws of the target country in an M&A. In the U.S., under the employment at-will doctrine, the U.S. private sector employers can dismiss their non-unionized employees at any time for any reason or even no reason at all. In most European Union (EU) countries and Germany and Italy specifically, employees are presumed to have a basic right to keep their jobs indefinitely. One of the greatest labor cost disparity with the U.S. is not wages. It is the amount of paid time-off and other benefits. Employers in Germany and Italy will find it difficult to discharge employees without incurring substantial liability. For high-level, long-term employees, these severance payments can run into six or even seven figures. |