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E.ON, innogy deal progresses with collective bargaining agreement for workers

A comprehensive collective bargaining agreement has been reached by the employers' associations and the trade unions, ver.di and IGBCE, in connection with the job security of E.ON SE and innogy SE employees after the companies' integration.

"This is a key milestone to path the way into the future of both companies. The collective bargaining agreement 'Future and job security' provides concrete terms for job security to innogy colleagues when it comes to a transfer into the new E.ON," said Arno Hahn, chief human resources officer and labor director at innogy. The agreement is subject to the antitrust approval of E.ON's acquisition of innogy. It will only be effective until deal completion.

Transfer collective agreements will be negotiated next in the event of a change of employer.

RWE AG is selling its 76.8% stake in innogy in exchange for an interest in E.ON, including E.ON's renewable energy generation assets.