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On 23 June, the European Works Council of the Engie group published a unanimous and unfavourable opinion regarding the Group’s proposed reorganisation and the creation of the “Bright” holding company, which will affect more than 75,000 employees globally (80% of whom are in Europe). The Council emphasises that this holding company “will consolidate most multi-service subsidiaries globally, which will then be sold to a currently unknown buyer”. The EWC suspects that the operation is motivated primarily by financial rather than industrial reasons, and believes that “Bright” could be kept within the Engie group. If management nonetheless decides to pursue its goal of selling Bright, the EWC would then like to “reach a three-party agreement between the social partners, Bright and the future buyer, before the sale process is concluded”, in order to consolidate the buyer’s social commitments and ensure “a socially responsible investment”.
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