If companies have to lay off a larger number of employees, the establishment of a transfer company can make a lot of sense. This is a labour market policy instrument indirectly defined in § 111 of the Social Code III. The employees affected by the staff reduction transfer to the transfer company on a voluntary basis following an offer by the company. There they are employed and receive a new employment contract limited to a maximum of twelve months. The transfer to the transfer company takes place through the conclusion of a "tripartite contract" between the employee, the company and, in our case, GS Consult GmbH.
GS Consult GmbH is your first point of contact when it comes to implementing a fair, socially acceptable transfer company or rescue company as well as a company-financed employment company.
Since 1999 we have been carrying out fair and socially acceptable transfer projects in the event of staff reductions in companies - also in cooperation with the works council. Since then, we have successfully accompanied several thousand people from a wide range of sectors throughout Germany into a new employment relationship. Our goal is that the participants in the transfer companies - regardless of whether they are managers or skilled workers - receive a new, sustainable, professional perspective.
Many years of experience in transfer company matters
If your company is affected by restructuring, mergers or relocations and the associated job cuts, then contact us immediately. We offer you tailor-made solutions for a fair and socially acceptable new start.
as an employer
Companies affected by staff reductions can benefit from the establishment of a transfer company. Thanks to professional advice, the necessary restructuring can usually be carried out in a socially acceptable manner and without damaging the company's image. The companies benefit from the fact that they do not have to observe notice periods and severance payments are avoided if the employees transfer immediately to the transfer company. In addition, the state-subsidised transfer short-time allowance saves a large part of the personnel costs.
As an employee
A big advantage for the workers is that they do not have to apply for a new job from unemployment. They continue to be employed while they can improve their chances of placement on the primary labour market through qualification measures and professional counselling in the application process. In doing so, they have the opportunity to make use of the many contacts GS Consult GmbH has with potential employers and public institutions. During the period of employment, the employees receive the so-called transfer short-time allowance from the employment agency, which is tax-free and amounts to 60 or 67 per cent of the last net salary. This is usually topped up by the employer. The prerequisite for this is that the participants register with the employment agency at their place of residence. Another important point is that the persons concerned continue to acquire earning points for the pension insurance. If a new job is accepted, the transfer company can be left at any time.
If you have any further questions about the transfer company, we will be happy to answer them.