Employee involvement in companies under the European Company Statute (ECS): MAN SE
MAN was the first German company to create a SE, by the conversion of its subsidiary MAN B&W Diesel into MAN Diesel SE in August 2006. This was followed in 2009 by the conversion of MAN itself into MAN SE. Both management and the employee representatives were well prepared for negotiating an agreement on employee involvement. Management’s overall assessment is that the agreement is an acceptable compromise and will contribute to the internationalisation of the company. The employee representatives are also satisfied because codetermination rights have been secured and important rights have been obtained for the SE works council.