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Union will fight for a good deal on the sale of the Thyssenkrupp division

Профсоюз будет бороться за выгодную сделку при продаже подразделения Thyssenkrupp
Thyssenkrupp plans to sell its elevator division, which is valued at more than 15 billion euros. Any buyer will have to enter into an agreement with IG Metall, Germany's most influential trade union, as part of the acquisition. But workers in Thyssenkrupp's elevator division will be pushing to protect jobs and jobs, and to represent workers in upcoming negotiations with potential buyers as the application deadline approaches mid-February. Labor leaders wield powerful influence over Thyssenkrupp, controlling half of the group's supervisory board. Susanne Herberger, who sits on the supervisory board of Thyssenkrupp and its elevator division, said: “We want to conclude a collective agreement that includes the protection of facilities and employees. We will fight for this. "

It is expected that potential buyers will bring in judicial representatives to improve their chances at the current auction. Customers will report possible cost savings, which will lead to difficult negotiations between the two parties.

Stakeholders include
Kone
Blackstone, Carlyle and Canadian Pension Plan Investment Council.
The group includes Advent, Cinven, Abu Dhabi Investment Authority and the German fund RAG. IN
Canadian Brookfield (and Singapore Temasek

Thyssenkrupp Elevator employs over 53,000 people worldwide, of which less than 5,000). The company is based in Germany.


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