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    Schneider creates a European works council

    On January 29, Schneider SA signed an agreement creating a European works council. This agreement represents a joint commitment on the part of Schneider management and employee representatives to give labor-management relations a European scope. It marks an advance in the Company's international development and reflects Schneider's forward-looking approach to labor relations.

    The European works council will serve as a vehicle to inform employees, exchange views and discuss business, financial and labor issues. It will also foster experience sharing among employees from Schneider's various subsidiaries in Europe. The new council will not replace the specific works councils in each company and country, which will fully retain their rights and privileges.

    The European works council will cover 18 countries with different languages, cultures, practices, trade unions and labor laws. The council will have 28 members representing 35,000 employees in Europe.