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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Terms found Action for the restoration of ownership Amended dismissal Annuity Appeal against a decision Asset Assignment of Claims (Cession) Austrian Public Employment Service (AMS) Banking secrecy Bankruptcy proceedings BaSAG Book value / carrying amount Branch Brokerage Agreement Building Law Business Business entity Call for Tenders Capitalisation Casual Employment Certification Change in Operations Collective Bargaining Agreement Company Agreement Company Pension Comparison of business assets Compensation Compliance Compulsory enforcement Consumer Protection Act Corporate Reorganisation Act (URG) Corporation Covenants Debt restructuring Debtor Declaration of consent Decree Deferral Discount Dividend Double taxation Double-entry bookkeeping Easement Employee Stock Ownership Equity Equity loan Factoring Fees Act Financial plan Foreclosure sale Foreign-currency loan General partnership General Protection Against Dismissal Global assignment GmbH Group taxation Guarantee Guarantee credit Hidden reserves Hire Purchase Insolvency Insolvency Act Insolvency administrator Insolvency estate Insolvency register Inspection of the Land Register Inventory Land Register Letter of comfort Lien Limited partnership Liquidation Loan Loss Carryforward Maternity leave Merger Natural person Nominal value Option Outsourcing Part-time work Partnership Personal insolvency Pledge principle Preliminary decision on an appeal Progression Prohibition of alienation and encumbrance Prohibition on the repayment of deposits Property income tax Provision Proxy Public Limited Company Reallast Repayment Restriction on Transfer Restructuring proceedings Retention of title Revision Right of first refusal Right of retention Rights in rem Self-consumption Severance Pay Severance Pay new Severance Pay old Shareholder loans Short-time work Silent partnership Skimming procedure Social Plan Sole Proprietorship Standard value Stock Subscription right Superstruction Supervisory Board Tenancy agreement Works Council

Company Agreement

What is a company agreement?

Company agreements are written agreements concluded between the business owner, on the one hand, and the relevant employee representative body (works council, works committee, central works council, or group employee representative body), on the other hand, regarding matters that, under the law or a collective bargaining agreement, are reserved for regulation by a company agreement. A company agreement must not violate higher-ranking regulations. The works agreement applies to all employees of the relevant company specified therein. For example, a works agreement may contain provisions regarding the termination of employees that are more favorable than those provided by law.

What types of company agreements are there?

Company agreements are generally classified as mandatory (in which case the works council’s consent is always required), enforceable (where the contracting parties fail to reach agreement on the conclusion, amendment or termination of the works agreement, the matter must be decided by the conciliation board) and optional company agreements (so-called ‘voluntary company agreements’, which come into effect solely by agreement between the contracting parties). ‘Free company agreements’ do not constitute works agreements within the meaning of labour law, particularly as their content is not covered by either legislation or a collective agreement. However, such an agreement between the employer and staff representatives may form part of an individual employment contract if the content of this free works agreement is communicated to the individual employee and acknowledged by them, at least tacitly.

Learn more about our employment law practice area. Please feel free to contact us for further information.