Transfer of all shares in a corporate employer does not constitute a sale of a business.
The applicant union brought an application under section 63 of the Labour Relations Act, alleging a sale of a business occurred when the respondent corporation purchased all the shares of the employer.
The Board found that the transfer of shares left the corporate employer intact and did not constitute a sale of a business within the meaning of the Act.
The application was dismissed, with the Board noting that the union's bargaining rights and collective agreement with the original employer remained in effect.
International Beverage Dispensers and Bartenders Union, Local 280 v. Metro Investment Corporation, 1985 CanLII 966