Registered as a European company, on October 12th, 2004, Strabag, the Austrian and European construction firm, finally concluded an agreement on workers' representation in May 2006. Broadly inspired by the Austrian joint management system, the latter will have to be adapted as soon as certain juridical problems linked to the restructuring of the German branch and its incorporation in the group will be solved. (Ref. 061243)
For Peter Haselsteiner, president of Strabag SE and majority shareholder, the transformation of the Bauholding Strabag AG into Strabag SE is above all a marketing and internal communication operation : « For us, this change of status is mainly due to psychological factors », said recently the Austrian entrepreneur, today n°1 in Austria and Germany, n° 5 at the European level, but also fast-growing in the Eastern countries: « Above all, we wanted to show our Eastern European collaborators that they are really part of Europe and the group ».
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