Mergers’ Labor Effects to Receive Scrutiny Under New Filing Plan (1)

US antitrust agencies’ sweeping plans to deepen their merger review processes will, for the first time, require standard disclosures from dealmaking companies on how their workers will be impacted.

The Federal Trade Commission’s notice of proposed rulemaking, announced Tuesday, would require companies to beef up their merger notification filings by including information about their deals’ competitive impacts, supply chain components, and networks of ownership.

The proposed changes to merger filings—which are required by a 1976 law, the Hart-Scott-Rodino Act—would also require companies to provide details about their employees’ job categories and geographical information on where workers may overlap post-merger. ...