An agreement on worker participation was signed recently with the European company Allianz SE in Munich, marking a new milestone for Europe's trade unions. For the first time ever, a large corporation-employing 160,000 workers in almost all EU member states-expressly agreed to a system of management comprising significant and mandatory worker participation.
Workers will have equal representation on the company's supervisory board, and be supported by a strong works council. The powers of the work …
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