Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / diligence-memo-uk-employment-tupe.docx
diligence-memo-uk-employment-tupe.docx
Parties
HARKNESS LLP
Solara Digital Infrastructure LP
Digital Infrastructure Fund VI LP
Cloudium Technologies UK Ltd
Stratos Merger Sub Inc
Kerr LLP
General Corp
Delaware General Corp
Dates
September 30, 2023
January 8, 2024
January 22, 2024
January 23, 2024
January 31, 2020
December 31, 2020
February 12, 2024
January 5, 2024
October 22, 2023
January 3, 2024
Amounts
$6,800,000,000
$36.92
$390,000,000
$1.25
$84,000,000
$820,000,000
$185,000,000
$680,000,000
$544,000,000
Obligations
Even where an ETO reason exists, the dismissal must still be procedurally and substantively fair under ordinary unfair dismissal principles
The key requirements are as follows: (i) If the employer proposes to dismiss 20 or more but fewer than 100 employees at one establishment within 90 days, the employer must begin the consultation process at least 30 days before the first dismissal takes effect
(ii) If the employer proposes to dismiss 100 or more employees at one establishment within 90 days, the employer must begin the consultation process at least 45 days before the first dismissal takes effect
(iii) The employer must consult with "appropriate representatives" of the affected employees
(iv) The employer must also file a notification with the Secretary of State for Business and Trade (Form HR1) before the consultation begins
Under the ICE Regulations, employees may request the establishment of an information and consultation arrangement, and if a valid request is made (by at least 2% of the employees, subject to a minimum of 15 and a maximum of 2,500), the employer is required to negotiate and establish such an arrangement