Negotiating Agreement Deutsch

Basel assurances in Germany has settled on a framework agreement with the employee representatives` negotiating committee concerning the further implementation of the Company strategy. The Company and the employee representatives` negotiating committee have therefore agreed on a program that provides for voluntarily redundancies. Procedures for negotiating the partial reconciliation of interests between both parties were also defined. To do so, however, job cuts must be achieved by other means. . The Basel Insurance Company in Germany has agreed on a framework agreement with the Bargaining Committee of Workers` Representatives to continue the implementation of the company strategy. The necessary decisions and signatures must be made in a timely manner. . The way in which partial interest compensation is negotiated between the two parties has also been defined. However, this is on condition that the staff reduction is realized by other means, according to plan. . The necessary committee resolutions and signatures are to be obtained in short order.

To do this, the companies and the bargaining committee of workers` representatives have agreed on a program that regulates voluntary departures of companies. ..