MAN AG, the German heavy-duty truck manufacturer that just celebrated its 250th anniversary, announced that it will become MAN SE. However, the plan will also be approved by all shareholders. This is also the fourth DAX index stock company that has been reorganized into a European company after Allianz Insurance, Fresenius Medical Devices and BASF. In June last year, Porsche AG, which holds approximately 35% of Volkswagen, has also become Porsche Holding SE, but it is not a DAX constituent company.

Previously, the diesel manufacturing subsidiary of the MAN Group has been reorganized into the European stock company-MAN Diesel SE. Being transformed into a European company will bring a series of benefits to the Man Group. First of all, the company no longer needs to set up a subsidiary to conduct business in European countries, which simplifies the company's structural setup and saves costs; secondly, it will be more convenient. Conduct cross-border mergers and acquisitions or reorganizations in Europe. Hakan Samuelsson, chairman of Man Group, stated that "As a European stock company, we will consider the company's business activities from a European perspective and increase the participation of European employees in the company.

After being transformed into a European company, the Supervisory Board of the Man Group will also be reorganized and slimmed down according to the European company model. In addition, the Man Group will also set up a European-style trade union organization-corporate workers' committee, which will consist of 28 employee representatives from 16 countries. At present, the IG Metall and the Group's Corporate Workers' Committee are discussing with the MAN Group's Supervisory Board the list of members of the Supervisory Board of the Future European Shares Corporation and matters concerning the rights of the companies to make decisions.

Currently, Volkswagen, which is a constituent company of the DAX Index, is the largest single shareholder of the Man Group and holds 29,9% of its voting shares, and Ferdinand Piech, chairman of the Volkswagen Supervisory Board, serves as Chairman of the Supervisory Board of the Man Group. In addition, the members of the Supervisory Board of the Man Group increased from one member to three, and Rupert Stadler, chairman of Volkswagen Audi, and Stephan Schaller, director of the heavy-duty truck of Volkswagen, have entered the company together with Piech. The board of supervisors has thus significantly expanded the control and influence of Volkswagen on MAN.

However, market participants believe that, given that the ultimate goal of Porsche AG’s holding of Volkswagen is to establish a large auto enterprise alliance, the alliance will include Germany and Sweden’s two heavy-duty truck companies Man Group and Scanney in addition to Porsche and Volkswagen. Subia (Scania). Moreover, the aforementioned alliance is also the chairman of the board of supervisors of Volkswagen and the big shareholder Ferdinand Piech of Porsche has dreamed of. However, Porsche Corporation Chairman Wendelin Wiedeking had threatened to cancel the company's internal management rights (Mitbestimmung) and the collective wage rate agreement (Haustarif), which directly conflicted with Volkswagen’s corporate workers’ committee and finally appealed to the courts. .

Recently, Lothar Pohlmann, who served as Chairman of the Staff Committee of the Manchester Group Corporation for the past ten years, has been replaced by the more offensive union leader Jürgen Dorn. As a skilled mechanic, Dorn has worked for the Man Group for 22 years. Not long ago, Jürgen Dorn openly criticized Porsche and its chairman Wendelin Wiedeking. He said that the Man Group is not willing to be included in the sphere of influence of Porsche, and this is a company that does not know how to respect the rights of consensual and trample on the rights of workers. He emphasized that the brothers of the Manchester Group Workers' Committee and Volkswagen AG will stand firmly together and will fight for the right of intercession.

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