The Federal Role in Privatization Hearing Before the Subcommittee On Governmen
The Federal Role in Privatization Hearing Before the Subcommittee On Governmen
Information United States Congress House Committee On Gover
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Such a group should comprise representatives of the vendor dcpannicni ur agency, the business (unless a MEBO had been launched), the professional advisers and die Treasury. 2 14. The business may have to be strcaniliucdur restructured in the run lip to the sale. For example, decisions may be required on site closures, asset sales. Changing the management structure, staff uaiisfers and the handling of redundancies. Such decisions must take account of the deparrmeni's or agency's equal opportunit...ies policies. The normal departmental and agency arrangements for consultation concerning tiausfcrs. Relocations or redundancies should apply. (NIP(90)3, paragraph 46, jiivcs guidance on the preparatory work that might be needed where the activity lo be sold provides goods and services to public sector customers. ) 2. 15 Provision may need to be made for special shares in ccnain naiiowly-defined tirtumsiances. Principal ly where the business being sold has had associations wiih national security or defence, or is of strategic importance.
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