A little over a year ago, I wrote a blog post about the role of EWCs in corporate divestitures. The topic has only become more relevant since then, as we’ve seen this phenomenon occur in quite a number of EWCs over the past year. In short: what is a divestiture? A divestiture happens when a…
Changes with people impact – handle with care! Business optimization projects and restructuring with people impact, require a vision beyond cost-cutting. When companies are looking at cost-cutting, they normally do not address that as such. ‘Business optimization’, ‘Improvement Project’, or other fancy project names are often used to front the cost-cutting that is foreseen. We…
EWC’s essential role when a divestiture is planned European Works Councils (EWCs) are information and consultation bodies, representing employees in European multinational companies. As such, EWCs have to deal with a wide variety of topics and developments. Ranging from restructuring, reorganizations, and lay-offs to investments and acquisitions. And then there are the divestitures. A divestiture is…
