The management of the Italian banking group UniCredit, born from the fusion, on November 18, 2005, of UniCredito Italiano Group and the HypoVereinsbank bank (HVB,) concluded an agreement on the setting of a European Work's Council, on January 26, 2007, which covers almost 147,000 employees in Europe (see our dispatch 070145). (Ref. 070160)
The agreement is inspired by the worker’s information and consultation directive to define information and consultation notions on topics concerning at least two businesses or subsidiaries in at least two member States. Thus, information has to be given at a certain time, in a certain way, with a structure enabling the committee to examine and evaluate in depth the possible effects of a decision and to prepare consultations with the central management. Consultation must enable the employees’ re
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