08 January 2012
The worldwide banking system is at the heart of the greatest economic crisis for at least 70 years. The crisis has strongly affected a sector that had already experienced significant changes in the preceding 30 years. Structural changes in the world economy, caused by globalisation processes and technological development, transformed the banking system internationally. On top of these global developments, the European banking system faced challenges caused by the European integration process and the creation of the European Single Market.
13 March 2011
Allianz SE is an integrated financial services provider with more than 150,000 employees. The company serves approximately 75 million customers in about 70 countries. Allianz SE operates and manages its activities primarily through four operating segments: property-casualty, life/health, asset management, and corporate and other. Allianz adopted the legal form of a European company (Societas Europea (SE)) by merging with its Italian subsidiary RAS. The process of integrating the two companies started in September 2005. On 13 October 2006, the Allianz-RAS merger was registered and Allianz became recognised as an SE under the 2001 Statute for a European company as set out in Council Regulation 2157/2001.
08 March 2011
The European Company Statute (SE) is based on the Council Regulation on the Statute for a European Company (2157/2001/EC) and on the Directive supplementing the Statute for a European Company with regard to the involvement of employees (2001/86/EC). It is one of the most important pieces of company legislation published so far by the European Union. Adopted in 2001, it has since October 2004 made it possible for companies operating in more than one EU Member State to reorganise their cross-border business under a single European label. This enables them to work under the umbrella of a single legal framework, thereby reducing the internal costs of operating in several countries. Employee involvement, including participation rights at board level, is the focus of this research report.
22 June 2010
In the European gas industry, Eurogas , the European Federation of Public Service Unions (EPSU ) and the European Mine, Chemical and Energy Workers’ Federation (EMCEF ) have started a discussion on the impact of the ageing profile of the workforce, with many workers retiring in the next five to 10 years in the industry. On 4 November 2009, the European social partners  organised a joint conference on the challenge of demographic change and competencies in the European gas industry.  http://www.eurogas.org/  http://www.epsu.org  http://www.emcef.org/  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/european-social-partners
17 June 2010
On 11 December 2009, the Directors General for public administration of the 27 EU Member States (EU27) – representing the European Public Administration Network (EUPAN ) and the Trade Unions’ National and European Administration Delegation (TUNED) – met in Sweden’s capital city, Stockholm, to discuss the results of the 2008–2009 test phase of enhanced informal social dialogue  for central public administrations. As a result of the positive evaluation, the European social partners  agreed at their meeting in Spain’s capital city, Madrid, on 12 January 2010 to advance the setting up of a sectoral social dialogue committee of central government administrations.  http://ec.europa.eu/civil_service/audience/nat_admin/epan_en.htm  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/social-dialogue  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/european-social-partners
23 May 2010
In order to guarantee a return to long-term profitability, on 9 February 2010 General Motors Europe (GME ) announced a five-year business plan. The so-called ‘viability plan’ includes innovation and restructuring  processes at the European subsidiaries of General Motors (GM ), Opel  and Vauxhall . In particular, the plan envisions that 80% of the Opel and Vauxhall carlines will be at an age of three years or less by 2012. This includes the launch of 12 new models by 2011. In addition, Opel/Vauxhall will spend €1 billion in innovative and fuel-efficient powertrain technology as it introduces a range of new green products.  http://www.gm.com/europe/  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/restructuring  http://www.gm.com/  http://www.opel.com/  http://www.vauxhall.co.uk/
16 December 2009
On 2 November 2009, the European management of the world’s largest steel company ArcelorMittal  and the European Metalworkers’ Federation (EMF ) signed a European framework agreement on managing and anticipating change at the company. The agreement will apply to the 115,000 workers  employed by ArcelorMittal in Europe.  http://www.arcelormittal.com/index.php?lang=en&page=0  http://www.emf-fem.org/  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/worker
19 November 2009
The European subsidiaries of General Motors (GM ) – Opel  and Vauxhall  with factories in Belgium, Germany, Poland, Spain and the United Kingdom (UK) – have been on the verge of financial collapse since GM declared bankruptcy in June 2009. After weeks of negotiations between various interested parties, including potential investors as well as the German government, in September the decision was made to sell Opel and Vauxhall to the consortium composed of the Canadian-Austrian car parts supplier Magna International  and Russia’s Sberbank . However, on 3 November 2009, GM’s board of directors abandoned the results of these negotiations. It announced that, due to the importance of Opel and Vauxhall to GM’s global strategy, it had decided to retain its European subsidiaries and to initiate a restructuring  of its European operations.  http://www.gm.com/  http://www.opel.com/  http://www.vauxhall.co.uk/vaux/home.do  http://www.magna.com/magna/en/  http://www.sbrf.ru/en/  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/restructuring
04 October 2009
On 11 June 2009, the management of the Thales Group  – the French electronic systems company – and the European Metalworkers’ Federation (EMF ) concluded a European framework agreement on improving professional development through effective anticipation  (IDEA). Built on the basis of existing good practice identified within various European countries, the agreement will cover 56,600 Thales employees based in 11 European countries. It is the first agreement of a transnational nature signed by Thales in the field of labour policies.  http://www.thalesgroup.com/  http://www.emf-fem.org/  http://www.emf-fem.org/Press/Press-releases/Thales-approach-to-professional-development
20 July 2009
At the 8th Congress of the European Federation of Public Service Unions (EPSU ), which took place from 8 to 11 June 2009 in Brussels, the delegates unanimously adopted a resolution entitled ‘The financial and economic crisis: Consequences for the public sector and the economy at large ’. The European industry federation  agreed on a set of action points to tackle the economic and financial crisis. These include:  http://www.epsu.org/  http://www.epsu.org/a/4969  www.eurofound.europa.eu/ef/observatories/eurwork/industrial-relations-dictionary/european-industry-federations