Essen,
29
May
2019
|
18:53
Europe/Amsterdam

Planned transaction E.ON/RWE: Collective bargaining agreement reached

  • Collective bargaining parties agree after constructive negotiations on reliable collective bargaining conditions for planned integration
  • High level of protection agreed for the employees of E.ON and innogy

The employers' associations and the trade unions, ver.di and IGBCE, have agreed on a comprehensive collective agreement for “Future and job security” for the employees of the new E.ON in Germany. The agreement is an important step in implementing the "Collective Policy Statement" on the planned transaction between E.ON and RWE agreed between the company and the unions in May 2018. Among other things, it includes provisions on attractive severance payments for employees leaving voluntarily, early retirement arrangements and the possibility of switching to a holding company for further employment and qualifications. The collective agreement is subject to the antitrust approval of E.ON's acquisition of innogy and will not become effective until the transaction is closed.

Arno Hahn, CHO and Labour Director of innogy SE: „Almost a year after signing of the Collective Policy Statement in May 2018, we brought negotiations to a very successful end: All our expectations have been fulfilled. This is a key milestone to path the way into the future of both companies. The collective bargaining agreement “Future and job security” provides concrete terms for job security to innogy colleagues when it comes to a transfer into the new E.ON. I am delighted that we have achieved such a great solution for our employees.”

In a next step, transfer collective agreements will be negotiated in the event of a change of employer.