MY parent company a psu is goint to merge with another psu. As an employee I want to know my rights as an employee in the merged entity. Please specify if there is any suitable supremecourt judgement as guidelines. Thanx in advance.
santosh (engineer) 18 May 2011
MY parent company a psu is goint to merge with another psu. As an employee I want to know my rights as an employee in the merged entity. Please specify if there is any suitable supremecourt judgement as guidelines. Thanx in advance.
V. VASUDEVAN (LEGAL COUNSEL) 19 May 2011
The Scheme of Merger itself would provide for protection of the existing terms and conditions of the merging entity. Please check this out. Since this scheme becomes part of the order sanctioned by the High Court, has the legal sanctity for protection.
Vasudevan
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