Proof, (i) It follows from the proof of Proposition 2 that for F < [??], firms do not opt for
works councils, (ii) For F > [??] + r, even in the absence of
works councils no monitoring technology is installed, that is, profits are identical with and without
works councils, (iii) For intermediate values [??] < F < [??] + r, costs of deviating to monitoring are too high if a
works council is installed, while it is profitable to monitor in the absence of
works councils, (iv) For these intermediate values, firms can expect that none of the two firms will monitor if and only if
works councils exist.
This paper investigates the role of
works councils in a simple agency framework in which
works councils are supposed to monitor manager's information on behalf of the workforce.
If no
works council is present, the employer can downward adjust women's wage to women's lower productivity so that the unexplained gender wage gap reflects gender differences in productivity.
Beginning in Germany, well before the formation of the European Union, Western European companies (other than those headquartered in Britain) had
works councils in which management met with elected representatives of their workers (frequently, though not always, their union leaders).
The
works council will hardly accept the management's conditions of no-wage-rise demands, Wirtschaftsblatt added.
The implementation of a whistleblower hotline requires the consent of a company's
works council. The competent level is the Group
Works Council ("Gesamtbetriebsrat"), since a whistleblower hotline is introduced uniformly within the whole group.
In scientific literature the German
works council (Betriebsrat) is indisputably the prototype of
works councils in Europe (Frege, 2002).
The origins of the ICIANZ
works councils lay in the
works council scheme operated by Imperial Chemical Industries, the parent company in the United Kingdom.
Walter Jouck, Wurzburg Site Manager, Bernhard Zentgraf, Chairperson of BASF Coatings'
works council at the Wurzburg site and Wurzburg Lord Mayor Georg Rosenthal recognized the significance of the investment, which amounts to approximately 21 million [euro].
In the Dutch public sector, however,
works councils have similar rights, because there the same
Works Council Act applies as in private industries.
This milestone follows the signature of the memorandum of understanding on June 24, 2019, and the completion of the required information and consultation process of the
works councils at Capgemini and Altran.
Pursuant to the terms of the Put Agreement, after completion of the consultation process with Souriau's French
works councils, TransDigm will have the right to require Eaton to enter into a securities purchase agreement providing for the purchase by Eaton of the shares of the Souriau-Sunbank companies.
