The second point: the future will continue to maintain its family

A report from Schaeffler Partner with German metal industry union statement
         Schaeffler partnership with the German metal industry union declaration is roughly three points:

         First point: Schaeffler (Germany FAG taper roller bearing Group) Partner reiterated transfer its holdings of Schaeffler Group shares will. Partners will jointly introduced in the internal decision-making system Schaeffler, regardless of the company's future will be adopted by legal form. Partners will contribute part of the Schaeffler Group's equity for debt reduction. IGMetall Schaeffler family will provide support to ensure that its future is still the Group's principal partner.

         The second point: the future will continue to maintain its family Schaeffler Schaeffler / Continental Group's principal partner status, Schaeffler partners will implement a plan for employee participation. The two sides stressed the agreement Schaeffler merger clutch bearing the mainland and industrial policy in economic significance. Schaeffler machinery industry experience and the mainland electronics technology complement each other, complement, if you do not take into account the factors of the current economic crisis, which is the entire automotive industry from the system are very important. The two sides reached a consensus, and never will because Schaeffler and Continental merger for compulsory redundancies. Schaeffler family agreed to establish a future employee share plan.

        The third point: Schaeffler / Continental Group will introduce joint decision-making system, Maria - Elisabeth Schaeffler: "We believe, IG Metall with us as a partner of the agreement reached on the basic issues, will protect the Schaeffler / Continental future Group to create the preconditions to make a decisive contribution. "party will nominate a joint group to further illustrate the above points.