Victory for the IG-Metall. On February 23, 2009, the family group, heavily indebted after buying its rival, Continental, announced that it signed an agreement with the IG-Metall, entitled “convention for the future.” Breaking a taboo, the management accepted the creation of an equal board with staff representatives. In return, the union promised to support the Schaeffler family’s request for government funding (see our dispatch No. 090206). The promise has now become reality and the group has a board composed of 10 shareholder representatives and 10 staff representatives, to the IG-Metall’s contentment. “A new era has begun at Schaeffler with this board” rejoiced the union in a press release, adding that, from now on, all strategic decisions (investments, purchases, sectors…) would be subject to joint management. “Schaeffler is on the right track” pointed out Jürgen Wechsler, welcoming the group’s new “transparency” efforts. Thus, the unionist sees as a “positive sign” the group’s decision to publish, a couple weeks ago, its biannual results – a first in the group’s history.
p has a board composed of 10 shareholder representatives and 10 staff representatives, to the IG-Metall’s contentment. “A new era has begun at Schaeffler with this board” rejoiced the union in a press release, adding that, from now on, all strategic decisions (investments, purchases, sectors…) would be subject to joint management. “Schaeffler is on the right track” pointed out Jürgen Wechsler, welcoming the group’s new “transparency” efforts. Thus, the unionist sees as a “positive sign” the
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