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Porsche wins over VW-Betriebsrat
24th October, 2007
Porsche is in dispute with the VW-Betriebsrat the power relations in the new Porsche Holding court in front of a victory.
The council wanted due to the significantly higher number of employees at VW greater participation in the body achieve and the entry of automobile holding SE into the commercial register. . The VW-Betriebsrat will appeal against the decision to appeal.
Legal Dispute Continues
The court would be responsible register at the European record of not holding to a decision by the labor court bound, said the presiding judge to justify the decision. Would the rules on the composition of the Supervisory Council declared inadmissible, could possibly be disadvantages for the Porsche employees. The case must now in a main procedure to be clarified, said the judge. The National Labor Court Baden-Wuerttemberg is the next instance.
The structure of the holding company's supervisory board stipulates that three workers is representative of Porsche and VW sit. The votes of the 12,000 Porsche employees had to have just as much weight as that of the 324,000 VW-In the Porsche Holding will VW-Anteile his majority after a takeover and possible further stakes pool.
"No takeover of the employees"
"The judge has decided that the agreement O.K. ist“, Said Porsche works council head Uwe Hück after the hearing. He was sure that the decision will have long stock. Well, it is a matter, VW again with a good working level. "A company can never over against the employees," said the VW-Betriebsratschef and announced legal resistance against the decision.
Porsche satisfied
Porsche even welcomed the decision of the judges and sees himself in his own view was reinforced. With an investment amounting to just over 30% at Volkswagen, there is no legal basis, the VW-Arbeitnehmer at the holding foundation to participate, it said. With the VW-Betriebsrat contested by the participation agreement, the companies also want to ensure that his former employees even after a takeover of VW supervisory board remain reasonable in the holding represents. Measured against the employee strength would be the Porsche workforce after a VW-Ubernahme none of the six employees seats in the panel entitled.
The increase in the 31-Prozent-Anteils by Porsche at the Wolfsburg-based group is on the Origin of VW-Gesetzes considered safe. According to the law, no shareholder more than 20% of the voting exercise, irrespective of how many shares he holds in the company. The European Court had on Tuesday central parts of the VW-Gesetzes tilted. The Stuttgart sports car manufacturer has been expanding its influence in Wolfsburg signals.
Release link:
http://www.automobiledir.com/press
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