The management of the Dexia banking group (35.000 employees) and its European works council signed, on December 19, 2007, an additional clause to the group's social management principles, signed in June 2003. The new text explains "the line of conduct that Dexia intends to adopt in the event of one or other majority shareholding being sold" as part of the powers exercised by the EWC. (Ref. 080322)
The group undertakes, as was planned in the agreement on the EWC, to notify the executive board of the EWC and the local staff representatives of its decision to sell a structure of the group. The process of informing and consulting staff representatives, at the local and at the European level, will be set in train “the moment there is a specific project for sale, and at the latest when the memoranda intended for the market are sent out”.
Choosing criteria. The text sets criteria governing the c
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