Official homepage:

www.plansee.com

Branch:

Manufacturer of powder metallurgical products and components

Status:

Established

Announced intention on1:

19-12-2005

Official process initiated on2:

19-12-2005

Registered on/in:

11-02-2006, Innsbruck (Austria)

Seat before SE:

Reutte (Austria)

Seat of SE:

Reutte (Austria)

Form of establishment:

Conversion

Companies concerned:

Plansee AG (Austria), Plansee Metall Gmbh (Austria), Cime Bocuze SA (France), Societé Plansee SARL (France), Plansee Metals Ltd (UK), Plansee Nordic AB (Sweden)

Corporate governance structure before SE:

Two-tier3

Corporate governance structure of SE:

One-tier4

Total number of employees worldwide:

2,200

Countries of operation:

Austria, Brazil, Bulgaria, China, France, Germany, India, Japan, Korea, Netherlands, Sweden, Switzerland, Taiwan, UK and USA

Countries concerned:

Austria (1,333), France (76), Sweden (2), UK (11) (in total 1,422)

National trade unions involved:

GPA, GMT, as well as Chamber of Labour Vienna

European trade union federations involved:

No

EWC formerly existed:

No

Establishment of SNB:

In accordance with the law

Board-level employee representation before SE foundation:

Yes

Distribution of SNB seats:

14 members: 10 from Austria, 2 from France, 1 each from Sweden and UK

Content of agreement:

• Signed 30-01-2006

Information and Consultation:

• An SE works council is established when an employee representative body representing more than 1,000 employees demands it; only bodies representing more than 150 employees are entitled to nominate members of the SE works council; employee representatives representing at least 50 employees are entitled to nominate a guest member to the SE works council

Participation:

• 1/3 of the members of the board of directors (2 out of 5) are nominated by the Austrian works council until a SE Works Council is established

Structural changes:

• considerable structural changes are changes that involve parts of the group that employee at least 500 employees in total;

• in case of changes in the company structure that affect the interests of employees to a considerable extent in respect of employee involvement, the board of directors, on its own initiative or at the request of either 10% of the employees or employee representatives representing at least 10% of the workforce, must convene the SNB

Expenses:

• All expenses are covered by the company.

Expiry date:

• The agreement expires in 10 years and is extended for another 4 years repeatedly unless notice is given in writing 6 months prior to the first expiration of the agreement.

Motives:

• Simplification of legal structure

Comments:

Employees in France, Sweden and the UK were invited, but did not take part in the negotiations themselves, authorising the Austrian works councillor of the metal workers to represent their interests at the meeting of the SNB in January; as a consequence the SNB consisted only of members from Austria.

Last update:

08-08-2006

References:

• Company homepage