1. The acquisition of the company has a certain impact on employees, but the labor contract relationship between employees and the original company continues to be valid, but the main body of the labor contract has become employees and the company that survives after the acquisition. After the acquisition, employees can still work in the surviving company.
2. Legal basis: Article 172nd of the Company Law of People's Republic of China (PRC).
Company merger can take the form of absorption merger or new merger.
A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.
Article 173
Procedures for company merger When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.
Second, what is the process of acquiring a company?
1, determine the acquisition intention;
2. Make acquisition resolutions;
3. After negotiation, the acquirer and the acquired party sign a letter of intent for acquisition;
4. The acquired party holds a general meeting of shareholders;
5. When other shareholders of the acquired party give up the preemptive right, they sign an acquisition agreement.