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Usually, the employer and employee both need to agree to any contract changes. But an employee can insist on a change if they have a legal right to it.
This is regardless of whether the changes have immediate effect. It's good practice to offer to discuss any concerns, which again might help encourage them to agree to the changes. However, in short, an employee can refuse to accept a change or variation in their contract's terms and conditions.
If you want to make a change to your contract, speak to your employer and explain why. You can't insist on making changes unless they're covered by a legal right, for example, opting out of Sunday working or the 48-hour week. You might be able to apply to change your hours under flexible working rights.
The employee simply tells the employer, or the new employer, before the transfer happens. Employment then ends at the time of transfer. If an employee's working conditions are significantly worse because of the transfer, they can object to the transfer, or resign and claim unfair dismissal.
Under TUPE, any attempt to change your contract terms will be void if the only reason or main reason for the change in contract terms is the TUPE transfer. This means it would be unlawful for your new employer to reduce your pay, or make any of your existing contract terms less favourable.