4 ms·

So what you're saying is if I as an investor fund a company 100%, I can't shut it down unless employees agree? That sounds terrible.

• lmm 4y ago
  It seems natural to me. You may have poured a lot into the company but so have the employees; you shouldn't be able to unilaterally tear up everything you've built together.
  • refurb 4y ago
    I’ll throw out an edge case. You invest $10M in a new company, most of it in equipment. Hire 10 people who then form a work council (work councils are possible over 5 employees). 3 months in you realize the business will flop, it was a bad idea, so you want to shut it down and sell all the assets and recoup what you can of your investment. So the work council can say “no”? You're basically forced to run the business until it goes bankrupt? Thats nuts.
    • jquery 4y ago
      People lose $10m all the time gambling on a new business, I don’t see the issue here. Don’t start what you can’t finish.
    • lmm 4y ago
      Well I understand they wouldn't be eligible to form a works council until they've been working there for at least 6 months. But that aside: 10 people have rearranged their lives for you, perhaps relocating or turning down other opportunities, and you think you should be able to shut off their livelihood on a whim? Now that's nuts. The works council can't say "no" arbitrarily - in the worst case you go to arbitration and convince the arbitrator that the business really is going to flop - but they get a seat at the table and a chance to propose/negotiate alternatives to just shutting down.