Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial report at June 30, 2013Significant events during theperiodMeeting between A2A representatives and the National Trade UnionSecretariatsThe business and financial development lines included in the 2013-15 Business Plan approvedby the Management Board and Supervisory Board of A2A S.p.A. on November 8, 2012 wereillustrated during the meeting that took place in February 2013 between A2A S.p.A.representatives and the National Trade Union Secretariats. In addition, a series of measuresdesigned to contain labour costs, including the use of the social security cushions, weredescribed.23On April 19, 2013, A2A S.p.A. (also on behalf of Group companies) and the National Trade UnionSecretariats signed a framework agreement on the use of the Cassa Integrazione GuadagniOrdinaria (CIGO) and of the Redundancy schemes.In summary, this agreement contains the following:Cassa Integrazione Guadagni Ordinaria (CIGO)The Group plans to use the CIGO scheme between April 2013 and April 2015 for the plants atCassano, Sermide, Chivasso and Turbigo.The scheme is expected to be utilized for a period of approximately forty weeks over the twoyears.Only the staff strictly needed for looking after the plants and for security will be kept in serviceduring the periods when the CIGO scheme is in force.In addition, A2A S.p.A. will use a rotational arrangement, where this is possible and to the extentcompatible with workers’ availability, to reduce the effect of the social security cushions to aminimum.Employees will be paid the portion of their wages and salaries for which the cost is borne bythe national social security agency INPS, and A2A will take this up to 85% of their fixed,continuous remuneration.