2007 Reference document (PDF) - Valeo

2 Management
PAGE 72
Report
Social indicators
4. Labor relations and collective bargaining agreements
Valeo has developed an active contractual labor relations policy.
In 2007, a total of 213 agreements were signed in 16 countries,
compared with 359 in 2006 and 315 in 2005, on various issues
and in accordance with the terms and conditions stipulated under
different national legislations.
Among these agreements, 67 (31.5%) related to working time,
99 (46.5%) to salaries, 25 (11.7%) to profit-sharing and incentive
schemes, and 36 (16.9%) to premiums or bonuses.
In certain countries such as France, Italy, Germany, Tunisia and Japan,
many meetings took place with trade unions, leading not only to
formal and informal exchanges but also to the signature of numerous
agreements, including the following:
Western Europe
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France: wage agreements for 2007, agreements on forwardlooking
employment and skills management and the organization
of working time and leave, and on labor law provisions in company
bylaws;
Italy: agreements on the organization of working time and leave,
unemployment benefits and long-distance mobility;
Germany: agreements on retirement and on the organization of
working time and leave;
Spain: c ollective bargaining agreements.
Eastern Europe
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Czech Republic: collective bargaining agreements and wage
agreements;
Romania: collective work agreement;
Hungary and Poland: wage agreements.
5. Health and safety in the workplace
The Group’s target in terms of health and safety is to intensify its
approach to work-related accident prevention and achieve a zeroaccident
rate.
Health and safety at work is a clear priority for Valeo. Systematic
audits are performed by external consultants to assess and control
risks, and Valeo has implemented Group-wide standards.
2007 Reference document - VALEO
North America
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Mexico: wage agreements and agreements on employee profitsharing
and incentive schemes.
South America
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Brazil: wage agreements, collective bargaining agreements and
agreements on employee profit-sharing and incentive schemes;
Argentina: wage agreements.
Asia
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■ Japan: agreements on the payment of premiums and bonuses,
wage agreements and agreements on the organization of working
time and leave;
■ China: agreement on employment contracts;
■ South Korea and Thailand: wage agreements.
The E uropean Works Council includes representatives from Belgium,
Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal,
Romania, Slovakia, Spain and Sweden. With the sale of the Wiring
Harness business, Portugal left the E uropean Works Council catchment
area at December 31, 2007. Membership renewal is planned for
Spring 2008, at which time Irish delegates will join the Council.
The Council met five times in 2007.
The countries in which employees are fully or partially covered by a
collective bargaining agreement are France, Spain, Italy, Germany,
Belgium, Ireland, Hungary, Romania, Tunisia, South Africa, the United
States, Mexico, Brazil, Argentina, South Korea, Japan, and India.
True to its continuous improvement ethic, Valeo extended and
optimized the tools instigated in 2006 for analyzing work-related
incidents and accidents. In 2007, the information system rolled out
in 2006 was also upgraded to improve the dissemination of good
practices with a view to eradicating risk.
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