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Porsche: the car manufacturer will adopt the European Company (EC) status in June 2007

Following its takeover of Volkswagen, the luxury car manufacturer announced that it wanted to try to transform into an EC, through the creation of a holding company. Even though the measure will only have an impact – in the first time at least – on Porsche, the latter will have control of Volkswagen. The consequences on employees’ representation in both companies are not certain yet. (Ref. 070361)

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