Asked by Valeska Hernandez on May 13, 2024
Verified
German works councils have the right to information about the firm's financial situation, including investing and marketing plans.
Financial Situation
An entity's or individual's current financial condition, assessed by considering assets, liabilities, income, and expenses.
Works Councils
Employee representative bodies within a company, primarily in European countries, that participate in discussing and negotiating workplace matters.
- Gain insight into the significance and influence of works councils in the realm of labor relations, primarily within Germany.
Verified Answer
LD
Loredana DelventhalMay 16, 2024
Final Answer :
True
Explanation :
This is true. German works councils have the right to be informed about the financial situation of the company, including investing and marketing plans, as part of their role in representing the interests of workers within the company. This is set out in the German Works Councils Act (Betriebsverfassungsgesetz).
Learning Objectives
- Gain insight into the significance and influence of works councils in the realm of labor relations, primarily within Germany.
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