Buyer Beware: The Hidden Cost of Labor in an International Merger and Acquisition (Paperback) (ISBN-13: 9781631575983)

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.

Author: Elvira Medici, Linda J. Spievack
ISBN-10: 1631575988
ISBN-13: 9781631575983
Publisher: Business Expert Press
Language: English
Published: 12/29/2016
Pages: 79
Format: Paperback
Weight: 0.30lbs
Size: 9.00h x 6.00w x 0.19d