PSA Group: 5 Unions Representing 80% of the Workforce Sign the New Momentum for Growth Agreement
08 Juli 2016 - 3:21PM
Business Wire
The PSA Group today signed a New Momentum
for Growth performance agreement with five of the Group's six trade
unions: CFE/CGC, CFTC, CFDT, FO and GSEA.
Regulatory News:
PSA (Paris:UG):
This new agreement will underpin the roll-out of the Push to
Pass strategic plan, helping to support the Group's growth and
strengthen its performance, driving it forward in line with
employees’ best interests.
Building the Group's future together and strengthening its
corporate social leadership
By signing this agreement, the PSA Group intends to take
collective bargaining practices to the next level. Improved
dialogue and relationships with the unions built on trust will give
the Group a competitive edge. The goal is to transition from a
collective bargaining culture to one that involves collectively
building the Group's future by sharing and discussing strategy
ahead of the curve to support the transformation process.
Strengthening the Group's performance through its agility
against an unstable economic background
The PSA Group must improve its performance to ensure its
sustainability and preserve jobs.
The Group confirms that France is still the main location for
its engineering activities, and is determined to ensure that 85% of
technological innovation activities remain there.
The PSA Group is aiming to produce one million vehicles a year
in France on average over the next three years, provided that
European markets continue to recover and return to pre-crisis
levels, and that no major issues arise in the environmental and
regulatory landscape. Ongoing performance plans and enhanced
flexibility will enable the Group to better respond to fluctuations
in the markets. The sustainability of production plants will be
achieved through even greater flexibility and efficiency.
Developing a responsible employment policy
The Group adheres to a responsible employment policy by
protecting both internal and external career paths. The measures
implemented help it to anticipate the transformations required and
strengthen the employability of its workers. The Group is stepping
up its efforts to retrain 1,000 staff members for internal
positions per year. A proactive youth employment scheme has also
been introduced with the goal of employing 2,000 young
people a year under the new intergenerational contract to
invest in staff for the future. The six Territorial Career Mobility
and Transition Platforms will improve mobility in the regions where
the PSA Group operates by encouraging workers to move between
companies and segments.
The PSA Group also plans to recruit 1,000 new members of
staff on permanent contracts over the course of the
agreement, 50% of whom will be hired as juniors as part of the
Group's youth employment initiative.
Implementing a balanced wage policy
A balanced wage policy combining the redistribution of benefits
from growth, rewards for individual/group performances and
effective cost control will be implemented, notably by
strengthening the profit-sharing policy and further increasing the
number of staff entitled to incentive bonuses.
Enhancing employee experience
The measures introduced as part of this agreement will support
the introduction of innovative and collaborative working practices
and assist the Group's digital transition by helping employees to
take up new technologies. Innovative e-working practices
will help improve employees' work-life balance; the goal is to
raise the number of staff taking advantage of this option from
2,000 to 4,000 employees. In addition, the PSA Group has set
itself the goal of being global number one in the automotive sector
for health and safety at the workplace.
Xavier Chereau, Executive Vice-President, Human Resources, said:
"I would like to praise the quality of the discussions held and the
commitment of the five unions that signed this new agreement. More
than a simple competitiveness agreement, it is a labour agreement
that underpins our performance. It is the result of a new mindset:
it will contribute to the success of our Push to Pass plan and
underpin the Group's growth. In these increasingly unstable
economic times, it is our performance that will protect both the
organisation and its staff”.
About PSA GroupWith its three world-renowned brands,
Peugeot, Citroën and DS, the PSA Group sold 3 million vehicles
worldwide in 2015. Second largest carmaker in Europe, the PSA Group
recorded sales and revenue of €54 billion in 2015. The Group
confirms its position of European leader in terms of CO2 emissions,
with an average of 104.4 grams of CO2/km in 2015. With a fleet of
1.8 million connected vehicles on the road worldwide, the
Group is on the cutting edge of innovation in this field, and is
expanding its services as a mobility provider. It is also involved
in financing activities (Banque PSA Finance) and automotive
equipment (Faurecia). For more information, please visit
groupe-psa.com/en
Communications Division - www.groupe-psa.com/en
- +33 1 40 66 42 00 - @GroupePSA
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