Scania union close to agreement with Volkswagen
Scania’s (STO:SCV-B) union is close to an agreement with German auto giant Volkswagen (FRA:VOW)regarding union rights in the event of a full takeover of the Swedish truck maker, according to Dagens industri.
The Swedish business daily reported that it has been speculated that the deal between Scania and Volkswagen may fail partly due to discontent of Scania’s unions. However, vice-chairman at the union Verkstadklubben Scania, Michael Gustafsson, said that the involved parties agree on most matters and he believes an agreement will be concluded even though he could not specify when. The paper wrote, citing unnamed sources, that an agreement between Verkstadsklubben Scania and Volkswagen is expected within days.
Gustafsson declined to disclose details of the potential agreement but said that it mainly concerns the possibility to influence employment issues and factory locations. He also pointed out that the potential agreement will not be put in place unless Volkswagen’s full takeover of Scania succeeds.
Source Dagens Industri