In line with the EU Transfer of Undertakings Directive, share sales do not trigger the works council´s information or consultation rights. However, the provisions transposing the EU directive into Austrian law are not the only statutory rules that must be observed when it comes to share sales. As such, share sales with substantial operational changes trigger works council rights that far exceed those that apply under the EU directive.
Jakob Widner, ILO Newsletter, February 11, 2015
