Conversion of BASF into SE: next milestone achieved
At its meeting, the SNB established a twelve-man negotiating committee, comprising representatives from Belgium, Germany, France, Great Britain, Italy, Poland, Spain as well as an executive representative. The committee will negotiate an employee participation agreement with representatives of the company's management by no later than November. Hans-Carsten Hansen, President Human Resources at BASF is chief negotiator for the management board of BASF. The agreement governs issues such as cross-border information for and consultation of employees as well as their participation on the supervisory board.
BASF plans to complete the conversion into a SE in the first quarter of 2008 after concluding negotiations with the special negotiating body of employees.
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