Eurofound's ERM database on restructuring-related legal regulations provides
information on regulations in the Member States of the European Union and Norway
which are explicitly or implicitly linked to anticipating and managing change.
Bulgaria: Staff information and consultation on business transfers
Phase
Labour Code
Native name
Кодекс на труда
Type
Staff information and consultation on business transfers
Added to database
14 July 2015
Article
Articles 123, 130a, 130b
Description
The employer's obligations to inform and consult employees' representatives are described in the Labour Code (section II). Business transfers are also covered by the Labour Code, (Article 123) particularly related to:
mergers and acquisitions of companies,
distribution of business from one company to two or more,
transfer of a separate part of a company to another,
change of the legal form of the entity,
change of the ownership of the enterprise or autonomous part of it,
sublicense or transfer of activity from one company to another, including the transfer of assets.
The employer transferring the business should present the information at least 2 months before initiating a change, and in all cases at least 2 months before the employees would be directly affected by the change of working conditions and employment relations.
Commentary
There is no public information available about examples of such cases.
Additional metadata
Cost covered by
Employer
Involved actors other than national government
Trade union
Works council
Involvement (others)
None
Thresholds
Affected employees: No, applicable in all circumstances Company size: No, applicable in all circumstances Additional information: No, applicable in all circumstances
Eurofound (2015), Bulgaria: Staff information and consultation on business transfers, Restructuring legislation database, Dublin,
https://apps.eurofound.europa.eu/legislationdb/staff-information-and-consultation-on-business-transfers/bulgaria
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