Search results
Results From The WOW.Com Content Network
As a transaction bank, the Deutsche WertpapierService Bank AG (dwpbank) handles the securities processing for financial institutions from the savings bank and cooperative sector, but also from the private and commercial banking sector in Germany. dwpbank currently manages around 5.34 million securities accounts. [2]
A Group Works Council also called a Combine Works Council (German: Konzernbetriebsrat; KBR) can optionally be established by any Central Works Council belonging to the corporate group headquartered in Germany according to BetrVG § 54(1). Sections § 54-59a of the Works Constitution Act (BetrVG) directly pertain to Group Works Councils.
If a Works Council exists and represents more than 100 permanent employees, they must establish a Finance Committee, or else it is a breach of their Works Council duty. [2] Works Councils in smaller workplaces can also receive economic information under §80, however the Works Council must then show the necessity of such information. [1]: 18–20
A Central Works Council also called a General Works Council (German: Gesamtbetriebsrat; GBR) must be established in German companies where two or more Works Councils exist within the same legal entity per BetrVG § 47(1). Sections § 47-53 of the Works Constitution Act (BetrVG) pertain to Central Works Councils and their functions.
Subsequently, the agreements for work councils were codified in the Works Constitution Act, passed on 11 October 1952 in West Germany. Trade unions in Germany wanted much more, [4] including the formalisation of works council members as union representatives, and the expansion of the Coal Co-Determination Act [] in all industries.
The DWS Group (Formerly: Deutsche Asset Management) commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.
The German public banking sector (German: Öffentliches Kreditwesen) represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have ...
A conciliation committee (German: Einigungsstelle) is a formal arbitration mechanism defined in German labour law for mediating certain conflicts internally between a (central/group) works council and an employer. The Works Constitution Act defines the conciliation committee in sections §76–76a.