AUSTRIA Law and Practice Contributed by: Clemens Hasenauer and Albert Birkner, CERHA HEMPEL
discussion and negotiation level rather than by strikes) by politicians or trade unions. Undoubt - edly, cases exist where activists (typically minor - ity shareholders) have sought to reinforce their ideas by putting pressure on management. 11.3 Interference With Completion Shareholder activists rarely interfere with the completion of announced transactions in Aus - tria. Regarding the workforce and employee rep - resentatives (such as works councils and trade unions), interfering measures, if any, are quite rare since Austrian corporate culture is in many ways characterised by discussion and compro - mise rather than by strikes or other disruptive action.
In this context, it should be noted that the Aus - trian Labour Constitution Act grants the works council certain rights to be informed about, com - ment on, and be consulted in a timely fashion about planned transfers or reorganisations of undertakings or business units, particularly as to the consequences for the employee workforce.
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