2007 Reference document (PDF) - Valeo

Social indicators
This social indicators report is based on the obligations and
recommendations set out in the French New Economic
Regulations Law (NRE) of May 15, 2001 and decree No. 2022-
221 of February 20, 2002, amended by decree No. 2007-431 of
March 27, 2007.
The Valeo Group has chosen to base its social indicators on data
from all of its companies worldwide. There are some exceptions to
this, which are listed on a case-by-case basis. The indicators have
1. Employment
1.1. Number of employees
1.1.1. Changes in number of employees over three years
Excluding non consolidated entities
At December 31, 2007, the Group employed 61,051 people
worldwide, down 12.4% on 2006 and 13.2% on 2005. This reduction
is mainly attributable to the sale of the Wiring Harness business
on December 31, 2007.
Overall temporary staffing levels (fixed-term contracts and agency
temporary personnel) decreased by a further 4.5% on the back of
the Group’s efforts to increase job security. On a consolidated basis,
temporary staffing levels remained stable, representing 15% of
the Group’s total employees in 2007, compared with 14% in 2006
and 16% in 2005.
Partly as a result of sale of the Wiring Harness business, the percentage
of engineers and managers edged up once again in 2007, to 20.6%
of headcount versus 18.8% in 2006 and 18.4% in 2005.
Management Report
Social indicators
< Contents >
been significantly impacted by the disposal of the Wiring Harness
business at December 31, 2007.
Valeo continued the step-by-step improvement of its indicators
system in 2008 across all ten of its Product Families, Valeo Service,
and holding companies, representing a total of 125 production
sites, 62 R&D centers and 9 distribution platforms in 28 countries
(excluding the Wiring Harness business).
2005 2006 * 2007 **
Engineers and managers 11,953 12,134 11,294
Administrative staff, technicians and supervisors 11,514 11,198 9,307
Operators 41,499 41,126 34,303
Registered headcount 64,966 64,458 54,904
Agency temporary staff 5,338 5,206 6,148
Total headcount
including:
70,304 69,663 61,051
Permanent staff 58,976 59,969 51,791
Temporary staff
*
Excluding Motors & Actuators (with the exception of its Chinese division).
**
Excluding Wiring Harness (with the exception of the Porriño plant in Spain).
11,329 9,695 9,260
1.1.2. Internationalization of Group headcount
The Group’s global expansion has given rise to an increasingly
international staff. The proportion of employees currently working
in countries other than France currently stands at 71.2%, compared
with 47.8% in 1995. This percentage has, however, remained fairly
stable over recent years (73% in 2006 and 71.5% in 2005).
The decrease on the 2006 figures is solely due to sale of the Wiring
Harness business, which employed 5,900 people in Morocco
and 4,900 in Tunisia.
2007 Reference document - VALEO
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