UniCredit: creation of a European WC after the fusion with the bank HVB

The Italian banking group UniCredit (14,000 employees) is creating a European Works Council, following the merger with the HypoVereinsbank bank (HVB) which covers all of the group's European employees, whether they are in the European Union or not. It is the first EWC created by an Italian bank. (Ref. 070145)
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The agreement’s scope covers implantations located within the European Union as well as in Bosnia, Croatia, Turkey, Russia, San Marino, Serbia, Switzerland and Ukraine. The EWC not only has prerogatives in terms of information and consultation but it will be able to develop, together with the management, guidelines in terms of the companies’ social responsibility, and is congratulating itself on the union federation UNI Finance. The EWC will thus have the possibility to sign joint declarations

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