News

The major global Facilities Company ISS has announced that it intends to float shares for the public on Copenhagen Stock Exchange. They have announced an IPO or Initial Public Offering of ISS shares and a final announcement will be made in due course.

The move represents a significant expansion of ISS and its intention to be the world`s leading facilities management provider. A new ownership structure the company hopes will provide a platform for major expansion into new markets. ISS currently employs 530, 000 workers in 50 different countries and is one of the world`s largest employers.

In relation to the workforce and the company relationship with trade unions, it is not expected that this will impact directly on the current work force and that the company will continue its working partnership with UNI Global Union under the terms of the Global Agreement. All other arrangements such as the European Works Council are expected to continue to work under the current arrangements.