France -Bigger-than-expected uptake of agreed early retirement -June 26, 2014

Up to 2,500 older workers will leave PSA Peugeot Citroen in 2014-15 under a deal struck with the trade unions in 2013. Peugeot, which employs some 70,000 people in France, has pledged to cut payroll costs to 12.5% of group revenue by 2016 from 15.1% in 2013.

Up to 2,500 older workers will leave PSA Peugeot Citroen in 2014-15 under a deal struck with the trade unions in 2013. Peugeot, which employs some 70,000 people in France, has pledged to cut payroll costs to 12.5% of group revenue by 2016 from 15.1% in 2013. The departure terms for senior workers amount to a form of early retirement - funded by restructuring charges rather than payroll until the employees reach pensionable age. The number, higher than the 2,000 previously anticipated, reflects a bigger-than-expected uptake of the voluntary scheme. Under the deal with unions, the company is hiring cheaper young workers under temporary training contracts.

English: http://www.theguardian.com/business ...  

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


News Archive

Loading...