Today 09/23/2016 - 05:35:23 PM
Peugeot SA 13.525€
CAC 40 4,488.69 PTS
The seventh meeting in the process to build the New Social Contract with employee representatives was held on 12 July.
The purpose of the meeting was to pursue discussions on proposed measures concerning older employees for the 2014-2016 period. In addition, an initial draft agreement on the new three-year Human Resources Planning and Development policy was distributed during the meeting. Lastly, the third section of the New Social Contract concerning levers to turn the Group around and maintain strong foundations in France was introduced. As part of this section, a study of labour cost trends in France and at PSA was presented.
After reviewing the different measures already offered to older employees to help them transition to retirement, a number of changes and adjustments to the current scheme were tabled:
NB: standard measures over 24 months before the employee decides to retire, and over 36 months for employees in hardship jobs (17 years in alternating shifts or night work)
NB: maintaining an older employee in his or her job means that a new young person may be hired under a work-study scheme.
The Group has announced the timetable for this third section and the issues that could be presented in September, in as much as the background will have been discussed at the meetings on 12 July (labour costs) and 18 July (work flexibility and organisation).
A presentation of PSA’s compensation policy over the past ten years demonstrated how favourable it has been for employees:
The next meeting will be held on 18 July.