Labour relations

In the DELTA PLUS GROUP, the organization of labourmanagement relations in each subsidiary depends on various parameters (workforce, locally applicable regulations, etc.). Overall, few subsidiaries have concluded collective labour agreements. Except for the French subsidiaries, only those subsidiaries that have large numbers of employees have concluded collective labour agreements: 76% of the Group’s workforce has the benefit of collective labour agreements.
In France, the employee representative bodies have been elected in the context of an Economic and Labour Unit (“ELU”) consisting of four subsidiaries. The budget granted to the single employee delegation has been updated and renewed for its operation and charities. Meetings are held regularly with the employee representative bodies (single employee delegation and Health/Safety & Working Conditions Committee) in accordance with the legal provisions.
Let us note that, in France, various collective labour agreements (agreement on equal occupational opportunity, agreement with respect to age categories, mandatory and exceptional profit-sharing agreement) were negotiated at the end of 2014 and in 2015, and took effect in 2015. Also, in 2015, at the management’s initiative, a profit-sharing agreement was concluded for the French companies in the Group, which took effect as of 1 January 2015. These agreements continued to be in effect in 2017. The mandatory annual bargaining resulted in the conclusion of an agreement on 7 November 2017with the union representative of the French Confederation of Christian Workers (known in France as CFTC).