Top representatives at IG Metall, Germany's biggest union, will not approve...
DUESSELDORF, Germany - Top representatives at IG Metall, Germany’s biggest union, will not approve a sale of Thyssenkrupp’s prized elevator division unless potential buyers give far-reaching concessions to employees, they said.
Labor representatives have always had great influence at the steel-to-submarines conglomerate and hold half of the 20 seats on its supervisory board, with IG Metall members representing the majority of those. “But I am also making it very clear: there also needs to be a competitive bidding process for fairness with regard to employees,” he said. ET employs about 5,000 staff in Germany.
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