OSRAM reaches agreement with the General Works Council on the carve-out in Germany assisted by Seitz with regard to labour law

Within the context of the ongoing worldwide separation process for the traditional lighting company, OSRAM has in the meantime come to an agreement with the General Works Council on the carve-out in Germany assisted by Seitz with regard to labour law.

Within the context of the ongoing worldwide separation process for the traditional lighting company, OSRAM has in the meantime come to an agreement with the General Works Council on the carve-out in Germany assisted by Seitz with regard to labour law.

After many months of intensive negotiations between OSRAM, the General Works Council and IG Metall, in October 2015 a comprehensive balancing of interests and social plan was concluded, which regulated the bases and essential conditions of the implementation of the Carve-out in Germany in accordance with labour law as a "Social Framework". The implementation of the upcoming transfer of operations according to Sec. 613a BGB and the legal procedural regulations are also included in the "Social Framework".

Around 12,000 employees worldwide with a turnover of around EUR 2 billion are affected by the carve-out. In Germany, around 3,000  of the employees at the OSRAM locations in Munich, Berlin, Eichstätt, Augsburg, Regensburg and Herbrechtingen affected by this will be transferred during the transfer of operations according to Sec. 613a BGB to the new company for OSRAM's lamps business.

For matters of labour law, OSRAM has relied since the beginning of the carve-out process in April 2015 on the Seitz labour law team's experience of large-scale labour law projects. The law firm has been advising OSRAM since then on all major labour law topics and is part of the HR negotiation team for the worldwide implementation of the carve-out.

Seitz is one of the only law firms in Germany with extensive experience in managing and implementing major labour law projects. Thus, for example, the law firm is similtaneously assisting the current biggest restructuring in Germany with regard to labour law at Karstadt and most recently the carve-out of Covestro for Bayer AG.

The employee representatives of the General Works Council were advised by Augsburg attorneys Benning Reinecke Nerlinger. The law firm has advised the General Works Council for many years on restructuring and other labour law topics.

OSRAM representatives:
In-house: Bettina Kahr-Geleng, Stefan Möhren
Seitz: Dr. Stefan Seitz, Dr. Marc Werner (both taking the lead), Dr. Patrick Esser, Andrea Klein

Representative General Works Council:
Benning Reinecke Nerlinger: Alexander Nerlinger

IG Metall representative:
Michael Knuth (IG Metall Bavaria)

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