Home » Industrial relations » Transnational industrial relations » Porsche: the car manufacturer will adopt the European Company (EC) status in June 2007 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) Through . Published on 19 April 2007 Ă 15h55 - Update on 19 April 2007 Ă 15h55 Resources On March 24, 2007, a press release from Porsche announced an operation that has been expected for several months: the company’s supervisory board agreed to let Porsche AG’s management take control of Volkswagen, number one car manufacturer in Europe. At the same time, Porsche (11,500 employees) was launching a cheap takeover bid which would enable it, at least at the beginning, to increase its shares up to 31% of the capital, which would be enough to control Volkswagen (320,000 employees).… European company Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageNameThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels