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Interessenausgleich

interests settlement, negotiated restructuring agreement

noun in-TER-es-en-ows-glykh Rare
People & Society Work

Usage Note

Interessenausgleich is a formal agreement between employer and works council about the 'how' of a restructuring measure, distinct from the Sozialplan which governs compensation. Both are often negotiated together.

Examples

"Arbeitgeber und Betriebsrat einigten sich auf einen Interessenausgleich."

Natural Translation

Employer and works council agreed on a restructuring settlement.

Literal Translation

Employer and works-council agreed on an interests-balance.

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