People are pivotal. Hidden “people” issues—like an underfunded pension plan, incorrect wage calculations, latent safety issues or two unions competing to retain representation of merged workforces—can jeopardize a transaction.
The future of a new venture depends on the ability to align separate cultures and pave the way for joint opportunity. Divesting workforces in a transaction requires attention to allocation of related liabilities. We’ve seen countless transitions, and we understand the vital steps that acquiring and selling employers need to take.
We help ensure that the transaction accounts for employment liabilities during valuation, reduces future employment litigation risks and creates a workforce structure that sets up the venture for success.
From benefit plans to payroll practices to noncompetition agreements to union negotiations, we guide employers through dynamic issues to optimize labor and employment conditions for future success.