free | closed
by Grant V.
Contract validity after amalgamation.
Hi,
I was employed in 2012 by Company (X pty ltd).
In 2014 Company X became part of a bigger holding company (Y Holdings pty ltd).
I never received an addendum or new contract of employment from Y Holdings pty ltd.
I had a restraint of trade agreement with Company X.
Is it still valid.
Regards,
Category: Labour and Employment, General
Region: South Africa, Western Cape
1 Answer
Hello. All existing contracts and agreements in place will remain binding on Company Y. That includes your employment contract and all it’s terms and conditions.