Ex-Oracle VP to pay 198K$ to SEC for settlement

Acquisitions may be very lucrative when you get the information first hand...
CNN, SEWNEBR

Oracle EWC - Negociations failed ?

All Special Negociation Body representatives have tried hard to make Oracle European Work's Council a true vehicule to carry their interests in front of the management, in the spirit of the EU Directive.

However, the US Company management seems not to be in capability to cope with this level of initiatives from employees.

The following main hard issues could not be resolved :
- Consultation process and the possibility to consider employees points of view
- Transnational Events Triggering (how many people to dismiss before consulting ?)
- Agenda exclusion list - Too many items could not be brought towards management, especially when talking about employees' interests.

You may want to see the SNB expert letter sent as a compliance with expertise ethics .

Management has until May 11th to come back on these negociations before Oracle become the very first company in EU to run an EWC by law.

BIW Acquisition - Hyperion ?

The news is massively spreading in the internet world.
Hyperion is about to be purchased by Oracle for 3.1 Billion Dollars, quite reaching the 3.4 Billions Dollars FY06 GAAP net income. This would mark a very significant move within the BI Space.
No official statement has yet been released within Oracle nor towards Employee Reps.

More informations : New York Times

Indian workers are rising

You may be interested in recent moves in Bangalore, where Mahatma Gandhi country workers show they can raise to defend their social rights.
The social awareness process is under way...
More : January Strikes - Oct 2006 tech Strike

Oracle : Siebel Software developpers Over Time to be settled with 27.5 Million dollars

A huge class action is beeing successful regarding a wage-and-hour lawsuit against ex Siebel Company.
Each one of the 800 software developpers will get around 27000 Extra dollars for these forgotten hours.

A similar case is also still running in France and due for judgment in Feb.
Read More...

Good job guys ! (Information Courtesy of CGT Oracle France Labor Union)

Yet an other aquisition - SPL Workgroup

Following Portal Software, SunOpsis, Oracle announced an other Acquisition - SPL Workgroup aiming towards an end-to-end packaged revenue and operations management solution.

UK ruled as uncompliant regarding EU rest break rules

The European Court of Justice as ruled a statement indicating the UK government is breaking the law by not forcing employers to give their staff rest breaks between shifts.
The UK transposition was considered as far too flexible, by stating the rules as indications but not enforcing them.

Finish presidency unveiled a plan to reduce this gap between UK and the rest of Europe (EU Observer).

This approach reminds of many Oracle statements regarding the need for better employee relations and representativity, at a time where :
- The Oracle EWC is still negociated by EU HR as a "tea and biscuits conversation body with mgmt"
- Many countries still miss their local Worker's Council
- A very active labor union delegate in France from CFDT is under an unfair layoff procedure attempt, only aiming at reducing employee representation.

More informations : Europe Observatory - BBC News - Herald Tribune -