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Luxembourg

Luxembourg: small country, but many SEs

Although Luxembourg is a small country, its economic influence within the EU is large. SEEurope network member Patrick Thill presented at the SEEurope network meeting in Romania the system of industrial relations in Luxembourg and the current dynamics of worker participation and corporate governance in this country. What are possible explanations why they are comparatively many SEs in Luxembourg?

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COUNTRY OVERVIEW

There is employee board-level representation in large companies and those with substantial state involvement in Luxembourg. The issue of the European company is of interest, as Luxembourg could potentially be the base for future European companies. The proposed legislation implementing the directive produced detailed comments from both unions and employers but there was no widespread public debate.

For further information on the SE legislation, such as the choice of SNB members, click on the more button.

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Transposition of the SE legislation in Luxembourg (Final report: August 2006)

Luxembourg adopted the law on employee involvement in European Companies and the European Company Statute on 25 August 2006.

Two laws dated 25 August 2006 transposed the European Company into thelaw of Luxembourg while at the same time supplementing the EuropeanCompany Statute (SE) in relation to worker involvement.It should be noted that, as well as transposing Directive 2001/86/EC of 8October 2001, these laws also constitute a follow-up to the law of 28 July 2000 on the establishment of a European Works Council or a procedurein Community-scale undertakings and Community-scale groups ofundertakings for the purposes of informing and consulting employees.

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Transposition of the SE legislation in Luxembourg (Update: March 2005)

On 21 January 2005, the Luxembourg Government tabled a bill in the Chamber of Deputies to supplement the Statute on European companies with regard to the involvement of employees (parliamentary document No 5435), henceforth referred to as the "bill".

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Translated transposition laws 

The full text of the transposition laws and (for most countries) unofficial translations into English can be downloaded from the EU Commission website

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Lionel Fulton (2006) Anchoring the European Company in national law