2007 Reference document (PDF) - Valeo

2 Management
PAGE 68
Report
Social indicators
Breakdown of new hires on fixed-term contracts by geographical area *
2007 Reference document - VALEO
Western Europe Eastern Europe Africa North America South America Asia
2007 Fixed-term contracts * 2,261 313 447 665 0 449
* Excluding Wiring Harness (with the exception of the Porriño plant in Spain).
1.3. Departures
Valeo terminated 2,007 contracts in 2007, representing 3.9% of
the permanent workforce (5.3% in 2006 and in 2005).
As in 2005 and 2006, redundancies accounted for less than one
third of total contract terminations in 2007, as opposed to one-half
in 2004.
Early retirement and retirement represented the equivalent of 1.6%
of the permanent headcount (1.3% in 2006 and 1.5% in 2005).
54.7% 7.6% 10.8% 16.1% 0.0% 10.9%
Compared to 2006, the number of new hires on fixed-term contracts increased by 14.1 points in Western E urope, 8.2 points in North America,
and 6 points in Asia, but decreased 7.5 points in Eastern Europe and 20.7 points in Africa, due to the sale of the Wiring Harness business.
2005 2006 * 2007 **
Contract terminations 3,143 3,153 2,007
of which redundancies 993 1,017 607
Resignations 4,196 4,723 4,029
Early retirement 462 162 160
Retirement 420 640 668
* Including Motors & Actuators.
** Excluding Wiring Harness (with the exception of the Porriño plant in Spain).
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Resignations remain the principal reason for departures, representing
7.8% of the permanent headcount in 2007 (7.9% in 2006 and 7.1%
in 2005). By socio-professional category, resignations accounted
for 11% of engineers and managers on permanent contracts, 5%
of administrative staff, technicians and supervisors on permanent
contracts, and 7% of operators on permanent contracts.
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