Volkswagen: global works council and Scania unions reach deal giving the latter codetermination rights in case the takeover is successful

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7 April 2014 à 10h20

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4 minutes

Publication: 7 April 2014 à 10h20

Reading time: 4 minutes

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On April 2, Volkswagen’s global committee announced the signing of an agreement with the 4 unions at its Scania subsidiary in order to “save jobs in the company” within the framework of the German manufacturer’s offer to take the Swedish firm over.
Publication

7 April 2014 à 10h20

Reading time

4 minutes

Publication: 7 April 2014 à 10h20

Reading time: 4 minutes

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VW owns 49.3 percent of Scania, the Swedish company that manufactures heavy trucks and buses as well as diesel engines for, marine, and general industrial applications (i.e. more than 80 percent of voting rights). Volkswagen recently offered to repurchase shares in order to reach 90 percent of the capital. In this context, it was important for the German company to make sure that it had unions’ support. Therefore, IF Metall (metalworkers), Unionen (services), Ledarna (executives and...

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