[ad_1]
This part of the agreement aims to bridge the valuation gap created by recent divergent trade performance. The last time Thyssen ran, Tata faltered. In one presentation, the gap was estimated at an amount of three million dollars. In addition, the joint venture should pay dividends of less than three million million euros each year.
After the long hitch surrounding the joint venture, workers' representatives urged the board of directors to be more open. "We did not just have to fight for a collective agreement, we had to fight over and over again for economic reasons," said group committee chairman Wilhelm Segerath. "It's amazing, who owns the companies and who run them – not enough, I want to say it clearly." The secretary of IG Metall and Deputy Chief of the Supervisory Board Markus Grolms pointed out that the criticisms and demands of the staff representatives had been greatly improved in order to control the risks. "Responsibility for serious risks, such as environmental risks in the UK, remains with Tata. The Dutch company will participate in the pooling of cash. It was extremely important to us. "
Source link