Uniper's works council pushes for IPO to block private sale
Uniper’s works council has urged the German government to consider an initial public offering (IPO) for the energy company. The call comes as the council opposes any private sale of the business. With 7,000 employees, including 2,950 in Düsseldorf, the company’s future remains a key concern for staff representatives. Martin Geilhorn, chair of the group works council, has made it clear that the council prefers a re-IPO over an off-market deal. He argues that this approach would preserve Uniper’s independence and stability. The council’s stance reflects wider concerns about the company’s direction under potential new ownership.
Uniper, a major player in the energy sector, employs thousands across Germany. Its Düsseldorf workforce alone accounts for nearly 3,000 jobs, making the company’s decisions highly significant for the region. The council’s push for an IPO aims to ensure transparency and long-term security for employees.
The works council’s proposal centres on protecting Uniper’s autonomy through a public listing. If adopted, the move could shape the company’s future while safeguarding jobs. The federal government’s response to this request will determine the next steps for the energy firm.
