Germany: Daimler to offer job security until 2029 as it prepares for restructuring

On 16 October, the leadership of the German automobile corporation Daimler decided to push ahead with the process to restructure the group. The revamp will see the group divided into three separate companies, placed under the control of a single holding company. For the restructuring – which will not occur before 2019 –  to take place, it still needs the approval of the group’s supervisory board and shareholder assembly. In the meantime, the company leadership and the central works council have met to agree on a list of aspects that need to be discussed and settled. While a formal agreement has not yet been struck, numerous decisions have been made. For example, job security has been guaranteed until 2029, while agreements have also been reached as regards, amongst other things, the funding of company pensions and the involvement of employee representatives in so-called make-or-buy decisions.
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Three co-managed companies, based in Germany. Speaking to Planet Labor, the spokesperson for Daimler’s human resources department, Silke Walters, said: “The process that was presented yesterday is still on paper. On Monday, the group’s leadership decided to submit this for approval by the supervisory board by next year, and by shareholders by 2019. Only then can the project come into effect. Everything must be prepared in the meantime. The company management and the central works council at Dai

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