SAP
German multinational enterprise-software company
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2024 | Supervisory Board election where Eberhard Schick from IG Metall and Andreas Hahn from the European Works Council were elected as representatives. |
September 13 2024 | German prosecutors open a formal investigation of sexual harassment involving Juergen Mueller and a female employee. |
September 3 2024 | CTO and Executive Board Member Juergen Mueller reaches a mutual agreement to leave the company by the end of the month due to an incident of inappropriate behavior. |
March 2024 | SAP agrees to pay R500 million as part of an agreement with South Africa's Special Investigating Unit related to previous bribery allegations. |
2023 | SAP achieved revenue of €31.2 billion with a significant net income of €6.1 billion, though workforce reduced to 106,043 employees. |
December 2023 | SAP's market capitalization reached US$180 billion, establishing it as the largest German company by market capitalization. Share price traded at over US$154 per share. |
2022 | SAP's revenue rose to €30.8 billion, but net income decreased to €2.2 billion, with workforce reaching 111,961 employees. |
May 5 2022 | Works council election where 15 out of 45 seats went to IG Metall and ver.di trade union lists. Eberhard Schick was elected as works council chair, and Anne Schmitz as deputy chair, marking the first time union representatives held both positions. |
2021 | SAP saw a slight revenue increase to €27.8 billion and continued workforce expansion to 107,415 employees. |
April 13 2021 | SAP announces the formation of a joint venture SAP Fioneer with investment company Dediq GmbH, focusing on the Financial Services Industry. |
2020 | Despite the global pandemic, SAP maintained revenue at €27.3 billion and grew to 103,876 employees. |
2020 | The German Federal Labour Court referred a question to the European Court of Justice regarding trade union representation in Supervisory Boards and compatibility with the Employee Involvement Directive. |
2020 | SAP signed a collective agreement with the Histadrut trade union federation's Cellular, Internet and High-Tech Workers Union, covering 800 workers in the Israeli branch of the company. |
April 2020 | SAP announced that Jennifer Morgan would leave the company, and Christian Klein would continue as the sole CEO, citing the need for clear leadership during the COVID-19 recession. |
2019 | SAP increased revenue to €27.5 billion and expanded its workforce to 100,330 employees, showing continued growth. |
October 2019 | Jennifer Morgan and Christian Klein were appointed as co-CEOs of SAP, introducing a dual leadership structure for the company. |
January 29 2019 | SAP announces plans to cut approximately 4,000 positions to shift to more modern cloud-based technologies. |
2018 | SAP reported annual revenue of €24.7 billion with 96,498 employees, demonstrating significant corporate performance. |
2017 | SAP reported annual earnings of €4 billion, with total revenue of €23.5 billion, representing a 6.3% increase from the previous fiscal cycle. |
2014 | SAP converted from a German Aktiengesellschaft (AG) to SAP SE, a European Company, maintaining employee representation in the Supervisory Board. |
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