Concerns Over Schenker Sale Amidst Union Opposition

The proposed sale of DB Schenker to DSV for 14.3 billion euros has sparked significant debate among stakeholders. The railway company aims to reduce its debt through this transaction. However, both the GDL and EVG unions have raised concerns about the transparency of the bidding process and the lack of guarantees regarding the allocation of the proceeds.

GDL, while not entirely opposed to the sale, emphasizes that the highest offer should not be the sole criterion for approval. Union leaders have made it clear that they will not support the sale unless the necessary transparency is provided. Even if employee representatives in the Supervisory Board reject the sale, the Chairman's double voting rights could lead to the approval of the deal despite union opposition.

The unions fear that the sale may result in job losses, which adds to their reluctance to endorse the transaction. With the federal government also needing to approve the sale, the situation remains complex. The outcome hinges on negotiations and the ability of the railway company to address the unions' concerns adequately.

As discussions continue, the fate of DB Schenker hangs in the balance. The unions advocate for a more open process and seek assurances that the sale proceeds will directly contribute to debt reduction, rather than being used for other purposes.