In the event of receivership or compulsory liquidation, where the employer is considering modifying an essential element of the employment contract for one of the economic reasons set out in article L. 1233-3, he shall make the proposal to the employee by registered letter with acknowledgement of receipt.
The letter of notification informs the employee that he has a period of fifteen days from receipt to make known his refusal.
If no reply is received within this period, the employee is deemed to have accepted the proposed change.