n Without Prejudice - Putting the "people" into the deal : competition law
|Article Title||Putting the "people" into the deal : competition law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Ahmore Burger-Smidt and Kriska-Leila Goolabjith|
|Publication Date||May 2015|
|Pages||29 - 31|
The Competition Commissioner, Tembinkosi Bonakele, believes one important reason why so many mergers and acquisitions fail is because the merging parties have not put enough thought into the "people" aspect of the deal. Bonakele was recorded as stating that "a reluctance to look at this aspect of deals was evident in the merger applications that came before the Competition Commission". In his opinion, merging companies are now explicit about the impact of a merger on employment - but not as forthcoming as they should be. When Bonakele attended the Global Competition Review conference in Cape Town in February he indicated that "the competition authorities want merging parties to quantify the effect on employment and establish if there is any alternative".
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