- 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.
Citation
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