Signed yesterday, June 10, the agreement on the involvement of workers in the SE will allow Schneider Electric to finalize its conversion into an SE, approved by the General Assembly on May 6. The agreement mostly rearranges the content of the EWC agreement amended in 2011 and provides for the representation of European employees on the board, not at the level of the SE but at the level of the French undertaking, which will guarantee the operational management of all Schneider Electric activities.
The prerequisite for the conversion into a European Company (SE) – the negotiations on the modalities for involving workers – ended on June 10 (about the negotiation, see article No. 8129).
Board participation. The agreement adds a chapter on employee participation to the European works’ council’s structure. Employee representation won’t be at the level of the board of Schneider Electric S.E but at the level of Schneider Electric Industries S.A.S (the legal entity ensuring the operational management of all Schneider Electric activities, either directly or via companies it owns or controls).
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