The head of Germany’s IG Metall union, Bertold Huber, expects an agreement between Porsche and Volkswagen works council to be reached soon.
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The two works councils have been in dispute over the co-determination rights of their employees on the board of Porsche SE. At the moment proposals are that Porsche and Volkswagen workers would have three representatives each on the board of the new holding company.
But, if Porsche increases its stake in Volkswagen to over 50%, as it plans to do, then Porsche SE would effectively make major management decisions regarding Volkswagen and Volkswagen workers would like greater representation. In the past they have had a blocking majority on the Volkswagen supervisory board, which prevents them making major decisions to transfer production from Germany to lower cost countries, for example.
Furthermore Volkswagen has around 30 times as many workers as Porsche, and its works council argues it should therefore have greater representation.
According to Automobilwoche, Huber said that five out of six points have been cleared up between Porsche works council chief Uwe Hueck and head of the Volkswagen works council, Bernd Osterloh, but he would not elaborate any further.
