VW workers only back trucks IPO if it protects their rights
Volkswagen’s plan to combine the MAN and Scania truck brands and potentially have an initial public offering (IPO) of Volkswagen Truck & Bus has been halted in its tracks by the company’s works council. In light of Volkswagen’s 2015 diesel emissions scandal, the company has been urged by investors to undergo some serious structural change in order to continue appealing to investors and consumers, including the streamlining process which is currently leading to conflict. Works council representatives of MAN, Scania, and Volkswagen have demanded that the company demonstrate what value this structural shift would have for workers, if any; additionally, the works councils refuse to allow the plan’s initiation unless Volkswagen can assure all laborers involved that their rights will be respected.
See "VW workers only back trucks IPO if it protects their rights", Reuters Staff, Reuters, March 6, 2018