Works council

Trinseo Announces Potential Closure of Stade, Germany Virgin Polycarbonate Manufacturing Facility

Retrieved on: 
Friday, March 15, 2024
Packaging, Consumer Electronics, Chemicals, Plastics, Automotive Manufacturing, Technology, Manufacturing, Other Manufacturing, Depolymerization, Works council, Plant, PC, Recycling

Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland Anlagengesellschaft mbH regarding the potential closure of its virgin polycarbonate (“PC”) production site in Stade, Germany.

Key Points: 
  • Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland Anlagengesellschaft mbH regarding the potential closure of its virgin polycarbonate (“PC”) production site in Stade, Germany.
  • The Company expects to seek board approval of the closure in 2024 following the Works Council consultation process.
  • If an agreement is reached, Trinseo will no longer produce virgin PC and will obtain PC for its downstream businesses entirely via external purchases.
  • In the third quarter 2023 earnings call, the Company identified Stade as a potential location for a PC dissolution facility.

Fresenius Medical Care AG nominates Six Employee Representatives to the Supervisory Board

Retrieved on: 
Monday, February 5, 2024
Supervisory board, Works council, BAD, Supervision, Fresenius Medical Care, Patient, Workforce, FME, IGBCE, Beata, Aktiengesellschaft, Sankt Wendel, Kidney, Woman

BAD HOMBURG, Germany, Feb. 5, 2024 /PRNewswire/ -- Fresenius Medical Care (FME), the world's leading provider of products and services for individuals with renal diseases, has nominated six employee representatives as members of the company's Supervisory Board.

Key Points: 
  • BAD HOMBURG, Germany, Feb. 5, 2024 /PRNewswire/ -- Fresenius Medical Care (FME), the world's leading provider of products and services for individuals with renal diseases, has nominated six employee representatives as members of the company's Supervisory Board.
  • Fresenius Medical Care successfully completed its change of legal form into a German stock corporation (Aktiengesellschaft, AG) on November 30, 2023, which also included the formation of a new Supervisory Board, which initially consisted of the six shareholder representatives.
  • The appointed members of the Supervisory Board are:
    Stefanie Balling, Chairwoman of the General Works Council of Fresenius Medical Care in Germany, and Chairwoman of the local works council at the Schweinfurt site (Care Enablement)
    Beate Haßdenteufel, Deputy Chairwoman of the Works Council at the St. Wendel site (Care Enablement)
    Michael Sen, Chairman of the Supervisory Board of Fresenius Medical Care AG, says: "The proposed employee representatives provide a broad range of experience and knowledge to the Supervisory Board.
  • Following the appointment, Fresenius Medical Care is preparing the election of the employee representatives to the Supervisory Board, following legal requirements.

Trinseo Completes Strategic Network Optimization Initiative with Closure of Terneuzen, the Netherlands Styrene Manufacturing Operations

Retrieved on: 
Monday, October 30, 2023
Packaging, Chemicals, Plastics, Textiles, Manufacturing, Saint-Avold, Works council, NYSE, PMMA, Carbon, TSE, Styrene, Airline, Trinseo

Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced its decision to discontinue operations at its ethylbenzene styrene monomer (EBSM) manufacturing facility in Terneuzen, the Netherlands.

Key Points: 
  • Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced its decision to discontinue operations at its ethylbenzene styrene monomer (EBSM) manufacturing facility in Terneuzen, the Netherlands.
  • This decision was made following the completion of joint negotiations with the Works Council in Terneuzen.
  • The plant is scheduled to officially cease operations in November 2023.
  • With the closure of the EBSM facility, the company will purchase of all of its styrene needs from third party suppliers to support its downstream businesses.

EQS-News: ams-OSRAM AG: Convocation of the Extraordinary General Meeting 2023

Retrieved on: 
Wednesday, September 27, 2023
Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Communication, Person, Ams-OSRAM, Article, Chairperson, Supervisory board, Mass meeting, Annual general meeting, Language, Aktiengesellschaft, Assembly, III, Proxy, Exercise, Works council, General Data Protection Regulation, Disclosure, European, Chapter Three, GDPR, PDF, File, Maquoketa Company–Clinton Machine Company Administration Building, AG, Woman, Shareholder, Reproduction, Address, Employment, ISIN, Bias, Auction, Security (finance), Holding company, Property management, Insurance

Proxies must be received at one of the aforementioned addresses no later than October 19, 2023, 4:00 p.m., Vienna time, unless they are handed over on the day of the General Meeting when registering for the General Meeting.

Key Points: 
  • Proxies must be received at one of the aforementioned addresses no later than October 19, 2023, 4:00 p.m., Vienna time, unless they are handed over on the day of the General Meeting when registering for the General Meeting.
  • Shareholders may exercise their rights at the General Meeting in person even after granting a proxy.
  • The Chairperson may impose, particularly in the beginning but also during the General Meeting, general and individual restrictions on time allowed for speaking or asking questions.
  • Information requests must generally be made orally at the General Meeting; however, such requests can also be submitted in writing.

Liberty Global and Infosys Expand Strategic Collaboration to Bring AI-Powered Digital Entertainment to Customers Worldwide and Drive Significant Efficiencies on Technology Costs

Retrieved on: 
Tuesday, August 15, 2023
TV and Radio, Carriers and Services, Technology, Online, Entertainment, Telecommunications, Software, Artificial Intelligence, Internet, Mobile, Wireless, 5G, Works council, BSE, Trump Media & Technology Group, Communication, INFY, NSE, Liberty Global, SHARE Operating System, Liberty, Ademco Security Group, Engineering, Horizon, NYSE, Video game, Satellite navigation device, Infosys

The collaboration allows Liberty Global to realize run-rate savings in excess of €100 million per annum, inclusive of other savings and technology investments.

Key Points: 
  • The collaboration allows Liberty Global to realize run-rate savings in excess of €100 million per annum, inclusive of other savings and technology investments.
  • In addition, Liberty Global is licensing these platforms to Infosys so the digital services provider can offer best-in-class services to new operators and new markets outside the Liberty Global family.
  • Liberty Global will continue to control product roadmaps and retain all intellectual property for the Horizon entertainment and connectivity platforms.
  • Anand Swaminathan, Executive Vice President – Global Head of Communications, Media & Technology, Infosys, added, "Infosys' collaboration with Liberty Global will deliver state-of-the-art, AI-powered entertainment solutions-as-a-service that will bring great flexibility to 10 million Liberty Global customers.

Trinseo Reports Second Quarter 2023 Financial Results, Announces Additional Restructuring Initiatives and Updates 2023 Outlook

Retrieved on: 
Thursday, August 3, 2023
Automotive Manufacturing, Manufacturing, Textiles, Packaging, Chemicals, Plastics, CASE, Works council, Death Note 2: The Last Name, Q&A, Electronics, Bank statement, Engineering, Engineered materials arrestor system, PMMA, GAAP, Absorption, ABS, EBITDA, Styrene, Terneuzen, Natural gas, EPS, Growth, Free cash flow, Adjustment, NYSE, TSE, Drug, Bank, Fine chemical, Pharmaceutical industry, Petrochemical, Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2023 financial results.

Key Points: 
  • Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2023 financial results.
  • Second quarter net loss from continuing operations of $349 million was $386 million below prior year.
  • Commenting on the Company’s second quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, “As expected, second quarter sales volume was sequentially similar as general market conditions remained unchanged.
  • Trinseo will host a conference call to discuss its second quarter 2023 financial results on Friday, August 4, 2023 at 10 a.m. Eastern Time.

Glatfelter Announces Closure of Ober-Schmitten, Germany Facility

Retrieved on: 
Wednesday, May 31, 2023
Works council, Temporary National Economic Committee, Risk, Sale, Annual report, GLT, NYSE, WalletHub

The actions taken are part of the Company’s turnaround strategy that is aimed at improving the financial performance of the overall business.

Key Points: 
  • The actions taken are part of the Company’s turnaround strategy that is aimed at improving the financial performance of the overall business.
  • The Ober-Schmitten facility, part of the Composite Fibers segment, has approximately 180 employees and is located in Nidda, Germany, with an associated sales office in Suzhou, China.
  • The Ober-Schmitten Economic Committee and Works Council were notified of the closure and negotiations regarding a compromise of interest and social plan will begin immediately.
  • I want to take this opportunity to thank our employees for their years of dedicated service and many contributions to Glatfelter.

EQS-News: ams-OSRAM AG: Convocation of the Annual General Meeting 2023

Retrieved on: 
Saturday, May 27, 2023
Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Communication, Person, Ams-OSRAM, Article, Chairperson, Annual general meeting, Supervisory board, Mass meeting, Language, Aktiengesellschaft, Assembly, III, Proxy, Exercise, Works council, General Data Protection Regulation, Disclosure, European, Chapter Three, GDPR, PDF, File, Maquoketa Company–Clinton Machine Company Administration Building, AG, Woman, Shareholder, Reproduction, Address, Employment, ISIN, Bias, Financial adviser, Auction, Security (finance), Holding company, Property management, Insurance

Proxies must be received at one of the aforementioned addresses no later than June 21, 2023, 4:00 p.m., Vienna time, unless they are handed over on the day of the General Meeting when registering for the General Meeting.

Key Points: 
  • Proxies must be received at one of the aforementioned addresses no later than June 21, 2023, 4:00 p.m., Vienna time, unless they are handed over on the day of the General Meeting when registering for the General Meeting.
  • Shareholders may exercise their rights at the General Meeting in person even after granting a proxy.
  • The Supervisory Board mandates of Yen Yen Tan and Brian M. Krzanich will expire at the end of the upcoming Annual General Meeting.
  • The Chairperson may impose, particularly in the beginning but also during the General Meeting, general and individual restrictions on time allowed for speaking or asking questions.

Mercedes-Benz Group Annual Meeting: Transformation on track

Retrieved on: 
Wednesday, May 3, 2023
Environmental, Social and Governance (ESG), Automotive Manufacturing, Green Technology, Manufacturing, Alternative Vehicles, Fuels, Other Automotive, EV, Electric Vehicles, Professional Services, Recreational Vehicles, Performance & Special Interest, Environment, Off-Road Trucks & SUVs, General Automotive, Automotive, Vehicle Technology, Engineering, Lithium, Works council, Partnership, Mercedes-Benz, Carbon footprint, Annual Meetings of the International Monetary Fund and the World Bank Group, Supervisory board, Mercedes-Benz Group, Wind, Trust, Annual report, Annual general meeting, Biophysical environment, Social, Conference, Farm, Property management, Automotive industry

After 15 years, Sari Baldauf will leave the Supervisory Board at the end of the Annual Meeting.

Key Points: 
  • After 15 years, Sari Baldauf will leave the Supervisory Board at the end of the Annual Meeting.
  • Stefan Pierer has been proposed for election based on his in-depth industry know-how and his expertise in product and brand development.
  • On behalf of the entire Supervisory Board, I would like to express my sincere thanks for her outstanding commitment.
  • Link to the current Annual Report: group.mercedes-benz.com/results-2022
    Further information on Mercedes-Benz Group AG is available at: group-media.mercedes-benz.c om and group.mercedes-benz.com

EQS-News: Lenzing AG: Resolutions of the 79th Annual General Meeting of Lenzing AG

Retrieved on: 
Wednesday, April 19, 2023
Works council, EY, Bank statement, Policy, Annual, Lenzing, Supervisory board, Mass meeting, Financial Oversight and Management Board for Puerto Rico, Lenzing AG, Annual general meeting, Supervision, ESG, Remuneration, Property management

Lenzing – On Wednesday, April 19, 2023, the 79th Annual General Meeting of Lenzing AG discharged the members of the Managing Board and the Supervisory Board from liability with regard to the business year 2022 and determined the compensation paid to members of the Supervisory Board for the business year 2023 in advance.

Key Points: 
  • Lenzing – On Wednesday, April 19, 2023, the 79th Annual General Meeting of Lenzing AG discharged the members of the Managing Board and the Supervisory Board from liability with regard to the business year 2022 and determined the compensation paid to members of the Supervisory Board for the business year 2023 in advance.
  • Patrick Prügger had been a Member of the Supervisory Board since 2011 and served on various committees of Lenzing AG.
  • The General Meeting elected two new members to the Supervisory Board of Lenzing AG.
  • In the constituent meeting of the Supervisory Board following the General Meeting, Cord Prinzhorn was re-elected as Chairman and Stefan Fida was re-elected as Deputy Chairman of the Supervisory Board.