Nnequal pay act 1970 pdf merger

There are currently no known outstanding effects for the equal pay act northern ireland 1970. You do not have to be doing the same job as the person you are comparing with. Equal pay legislation and its impact on the gender pay gap. However, the model embodied in the equal pay act 1970 is increasingly being questioned.

In the uk, with its equal pay act of 1970, and france, which legislated in 1972, the gap is 21% and 17% respectively, and in australia it remains around 17%. Pdf impact of merger and acquisition on debt management. This covers individuals in the same employment, and includes equality in pay and all other contractual terms see below. Considering nonprice effects in merger control background. Each party hereby agrees that all provisions of this agreement, other than the representations and warranties contained in article 5, and the indemnities in sections 6. Employers should pay men and women on the same basic terms, providing the work they do is broadly similar, or rated as equivalent under a job evaluation scheme, for example. This is the original version as it was originally enacted. For example, a merger may have a substantial effect on product quality but relatively little effect on price as a result of consumer preferences and willingness to pay. The average premium paid in the late 1970s and 1980s merger movement was a. The merger guidelines of many competition authorities contain references to nonprice effects1, and there are certainly some merger cases that mention nonprice effects. Officemax and office depot announce merger of equals to. The 20 act suggests that all cross border merger will now be governed by the said chapter. There are currently no known outstanding effects for the equal pay act 1970 repealed.

There are at least two general sources of integration costs. Investee dissolves as a separate company but often remains as a division of the investor. In 1910 the women chainmakers of cradley heath formed a trade union and won the first minimum wage agreement after a strike battle lasting. The act gives a right to equal pay between women and men for equal work.

Merger longform merger completed acquisition completed 8 weeks 50% vote of all shareholders shortform merger acquisition completed 512 weeks tender offer share exchange offer partcash than 50 90% filing of certificate of merger longform merger. Statutory merger through capital stock acquisition investor acquires all stock of the investee, and then transfers assets and liabilities of the investee to its own books. The equal pay act and the decades of civil rights legal advances that followed. The return of the merger of equals the new york times. Employers taking on employees after a merger or buyout could face up to six years worth of unequal pay claims, an employment lawyer has warned. Be rr enacted by the queens most excellent majesty, by and with the advice and. Indeed, the business press and management literature often argue that organizational integration is the most difficult hurdle to successfully completing a merger. That is, if company a and company b merge, company a will continue to exist under its own name. As we celebrate another international womens day, the essential spirit of the 1970 equal pay act is still not being honoured editorial sat. Accounting issues and their implications merger history both bankamerica corporation and nationsbank bank corporation have employed the merger tool as a means of achieving corporate growth in recent years. During these years employers often regraded jobs by changing job titles to evade the equal pay act and to justify unequal wages for men and women doing the same jobs, for example, from personal assistant to typist. On wednesday, march 23, 2016, the house will complete consideration of h. Equal pay act 1970 predated the more general prohibition on sex discrimination in employment by five years.

Statutory merger law and legal definition uslegal, inc. The equal pay act 1970 requires that employees doing equal work in the same employment must receive equal pay. An act to prevent discrimination, as regards terms and conditions of employment, between men and women. The equal pay amendment regulations 1983 womens pay remains significantly lower than that of men. Mergers of equals and unequals iza institute of labor. Statutory merger a merger between two or more companies in which one company continues to legally exist, while all others cease to exist. The average premium paid in the late 1970s and 1980s.

Pdf equal pay legislation and its impact on the gender. Equal pay legislation and the gender wage gap iza world of labor. The law on equal pay is set out in the equality of terms provisions of the equality act 2010 the act. Equal pay laws are an extension of sex discrimination. The company going up will go hover near the acquisition price until it is acquired but it does not typically go to thr exact offer price.

Critically evaluate the ways in which the equal pay act. The elaws version of the act does not contain part i ii. The surviving corporation acquires the assets and liabilities of the merged corporations by operation of state law. The following example may help illustrate purchase accounting. The task force took the view that the vast majority of employers do not. A merger of equals is when two firms of about the same size come together to form a single company. I will study what is the equal pay act 1970 in a first part, then i will have a look at an example where the act is used and finally i will evaluate the act. Regarding bac, major mergers have involved seafirst corporation, whose. The equal pay act 1970 initially narrowed the gap, which was closest in 1977. The equal pay act 1970 was an act of the parliament of the united kingdom that prohibited any less favourable treatment between men and women in terms of. The equal pay act was passed in 1970 but was not implemented until january 1976. The company being acquired typically goes up a bunch n the one doing the acquiring down a little. A statutory merger is completed in accordance with the state laws that govern the organization of the parties to the transaction. Gender pay gap and the struggle for equal pay striking women.

Merger of equals creating a leading operator of retail pawn stores. Statutory merger financial definition of statutory merger. See end of document for details c an increase in an amount is taken into account in a calculation if in the. A merger is a dramatic event in the life of a firm, for it requires the integration of two organizations into one. Statutory merger a merger in which one corporation remains as a legal entity, instead of a new legal entity being formed. Changes to legislation revised legislation carried on this site may not be fully up to date. Interestingly, the gender pay gap is relatively small. This may now be limited to only companies in notified jurisdiction. The passage of the equal pay act 1970 was a landmark event in postwar british industrial relations, not simply for introducing a qualified right to pay equality between women and men, but for breaching the principle that pay and. Equal remuneration act, 1976 northern coalfields limited. Blake farenthold rtx and was referred to the committee on judiciary, which ordered the bill reported by a vote of 18. Merger of a listed company into unlisted company the 20 act requires that in case of.

Presently, its possible for a foreign company of any jurisdiction to merge into an indian company. In addition, while often meant to describe a low or no premium stockforstock combination of two companies with reason. Since then it has expanded again, though only very slightly. Federal lawmakers are currently considering legislation that would eliminate differences in the procedures used by the federal trade commission ftc and the department of justice antitrust division in challenging unconsummated acquisitions and mergers. Triquint shareholders approve mergerofequals with rf. The continuing lack of equal pay proves feminisms work is. The proposed transaction between first cash and cash america will be submitted to the respective stockholders of first cash and cash america for their.

In 1970, the department of labor issued sex discrimination guidelines interpreting executive order. To amend the clayton act and the federal trade commission act to provide that the federal trade commission shall exercise authority with respect to mergers only under the clayton act and only in the same procedural manner as the attorney general exercises such authority. Impact of merger and acquisition on debt management ratio. Prior to the 2010 act, the equal pay act 1970 only allow ed for an actual compa rator. Despite major efforts at equal pay legislation, gender pay inequality still exists in. Gross receipts in cases of consolidation or merger. The three principal structural alternatives for a merger or acquisition transaction are the statutory merger, acquisition of assets and acquisition of stock or other form of equity of the target. Statutory merger law and legal definition a statutory merger is defined as a combination of two or more corporations under the corporation laws of the state, with one of the corporations surviving. Legislation mandating equality of pay between women and men was among the earliest forms of sex discrimination legislation to be adopted in britain. In a merger of equals, shareholders from both firms surrender their shares and. In this study i have chosen two largescale mergers, the merger of statoil and hydros oil and gas activities, and the failed attempt made by telenor and telia to merge their telecom activities. Employers could risk equal pay claims after a tupe merger.