{"product_id":"9781631575983","title":"Buyer Beware: The Hidden Cost of Labor in an International Merger and Acquisition","description":"Recent years have seen a huge growth in European cross-border mergers and acquisitions (M\u0026amp;A), and considerable attention has been given to how such deals arise and are completed. A U.S. investor must understand the basic difference in the principle of individual labor law in the U.S. and how it compares with the laws of the target country in an M\u0026amp;A. In the U.S., under the employment at-will doctrine, the U.S. private sector employers can dismiss their non-unionized employees at any time for any reason or even no reason at all. In most European Union (EU) countries and Germany and Italy specifically, employees are presumed to have a basic right to keep their jobs indefinitely. One of the greatest labor cost disparity with the U.S. is not wages. It is the amount of paid time-off and other benefits. Employers in Germany and Italy will find it difficult to discharge employees without incurring substantial liability. For high-level, long-term employees, these severance payments can run into six or even seven figures.","brand":"Business Expert Press","offers":[{"title":"Default Title","offer_id":47038345642224,"sku":"9781631575983","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781631575983_p0.jpg?v=1763672596","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781631575983","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}