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

Half-yearly financial report at June 30, 2013Significant events during the periodIntegration of A2A S.p.A. with Edipower S.p.A.Approximately 260 excess employees will leave the Group by means of various procedures ofthe redundancy schemes.These procedures will relate solely to workers who by the end of the redundancy schemesmeet the requirements for receiving a pension and workers who, although not identified asbeing in excess, formally express their wish to be made redundant under the redundancyschemes, to the extent that technical, organization and production requirements are met.24In addition to an indemnity in lieu of notice, workers will also receive the following amounts asleaving incentives:• two months’ wages plus a supplement equal to 88% of their fixed and continuousremuneration for the whole period they are included in the redundancy scheme;• those employees who elect to join the redundancy schemes on a voluntary basis bySeptember 15, 2013 will receive another five months’ wages;• workers under 62 years of age who elect for early retirement will be entitled to an additionalindemnity of two months’ wages for each year of early retirement below 62 years of age;• workers already meeting the conditions to receive a pension on the other hand will onlyreceive a leaving incentive equivalent to four months’ wages.Mestre locationIn connection with the Mestre location, an agreement was signed with the trades unions onJuly 5, 2013 aiming to preserve the employment aspects of the area, suspending the decisionto close the site. Under this agreement working hours will be reduced by an average of 45%through the use of solidarity contracts, with the resulting recourse to the use of the voluntaryredundancy scheme for a limited number of workers who by following this approach willreach their pension requirements.Harmonization of contractual arrangements and rationalization of the nationalcollective bargaining agreements (CCNL) usedSpecific negotiations will begin at a Group level in June 2013 with the aim of harmonizing theeconomic and legislative aspects currently in place in the individual companies, includingEdipower S.p.A..In addition, the principle of “one single CCNL” for each individual company was generallyacknowledged.In this case too specific talks will be initiated so that each company can identify the mostsuitable CCNL.