GERMANY: Union supports VW head as boardroom coup report surfaces
Trade union IG Metall is supporting Volkswagen chairman Ferdinand Piech following an unconfirmed German media report that some members of the carmaker's supervisory board planned to unseat him, Reuters said.
Trade union IG Metall is supporting Volkswagen chairman Ferdinand Piech following an unconfirmed German media report that some members of the carmaker’s supervisory board planned to unseat him, Reuters said.
“The employees’ side (on the board) has absolutely no cause to support a coup,” Juergen Peters, the head of the union, told the news agency on Friday.
Reuters noted that Peters’ support is key, since he serves as deputy chairman on VW’s board and is one of the 10 board members that represent the interests of the carmaker’s workforce.
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