What happens if your company is sold and continued in insolvency?

If your company is taken over by another owner, you will also be taken over. That's why you can't be dismissed.

Important: you have the same rights and obligations at the new company. The length of time you have been with the company doesn’t change either.

The purchaser of the company therefore enters into the employment contract. You don’t have to sign a new employment contract. If you do not agree with the transfer of the company, you have 1 month to object in writing. Then there is a risk that you will be dismissed for business-related reasons.