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According to the APA, Paul Swarovski would like to have a vote on the possible spin-off at the shareholders’ meeting tomorrow Friday. At the same time, a vote on the amendment of the statutes was also included on the agenda. Paul Swarovski apparently assumes that a vote on the spinoff will bring him down. Because there has to be unanimity. And this is unlikely with around 70 shareholders.
Individual shareholders also want management to be held accountable. Paul Swarovski wants to enforce a special audit to deal with alleged mismanagement at the Tyrolean company. In an interview with the Tyrolean daily, Melanie Grieder-Swarovski also claims that the management has run over the group.
“We can no longer be silent,” he says. The management should make a new place. Reject restructuring plans. Her cousin Nadja Swarovski will vote for her.
Works councils also take management seriously. In a letter to the entrepreneurial family, he described the new corporate strategy as unconvincing. The works council is very concerned about the continuity of the company. It also reminds us that the group’s management is based in Switzerland. He also says: “Much has already migrated there, so we believe the rest will follow and that Wattens is threatened with deforestation.”
