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Buyer Beware: The Hidden Cost of Labor in an International Merger and Acquisition

Buyer Beware: The Hidden Cost of Labor in an International Merger and Acquisition

          
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About the Book

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.


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Product Details
  • ISBN-13: 9781631575983
  • Publisher: Business Expert Press
  • Publisher Imprint: Business Expert Press
  • Height: 229 mm
  • No of Pages: 79
  • Series Title: English
  • Sub Title: The Hidden Cost of Labor in an International Merger and Acquisition
  • Width: 152 mm
  • ISBN-10: 1631575988
  • Publisher Date: 29 Dec 2016
  • Binding: Paperback
  • Language: English
  • Returnable: Y
  • Spine Width: 5 mm
  • Weight: 136 gr


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