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News: PFZW trade union mergers postponed.
Netherlands
Two of the E88bn Dutch PFZW fund's proposed mergers are on hold.
Earlier this year, the fund announced it would be merging with the E325m trade union federation FNV and the E50m National Federation of Christian Trade Unions (CNV).
PFZW's director Peter Borgdorff said the two factors under consideration are financial and related to influence.
"In both cases, it is clear that a buy-in fee is required. Second, is the question of influence at board level: people need to be willing to cede some ...
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Source: HighBeam Research, News: PFZW trade union mergers postponed.