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9/3/06

MSNBC: Merkel backs workers in board decisions - by Hugh Williamson


For the complete report in the Financial Times - MSNBC.com click on this link

Merkel backs workers in board decisions - by Hugh Williamson

Angela Merkel on Wednesday offered surprisingly forthright backing for co-determination, Germany's system of involving workers in corporate decision-making but she urged trade union leaders to be more flexible in accepting reform.

The German chancellor described co-determination as "an essential part of Germany's social market economy", in a speech at a labour congress in Berlin. She distanced herself from business lobbyists and conservative politicians who want to rein in significantly the influence employees have on company supervisory boards.

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