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Orange signs new agreement on profit sharing with four labour organizations
TT Correspondent |  |  04 Jul 2013

The management of the Orange group and the four labour organizations (CFDT, CFE-CGC, FO and SUD) that had received nearly 70% of the votes at the last employee elections signed a new profit-sharing agreement.
 
Under the agreement, the amount of each company's profit sharing, which is calculated according to a special formula, will be 4%  of its operating income (French standard).
 
The profit-sharing calculation for the employee consists of two parts. 80% is related to the salary level, with a floor salary of 26,000 euros;

And 20% is egalitarian and is linked to the time spent in the Group over the reference year.
 
The agreement reflects the group's commitment to sharing value creation  with all employees, despite the announced downturn in results, and is a  continuation of the social contract.
 
On the occasion of the agreement’s signature, Bruno Mettling, Deputy Chief Executive Officers  in charge of Human Resources, emphasized that profit sharing is an  important component of the Group's policy of remuneration: “This  agreement allows us to recognize employees’ efforts to adapt to the  changes in the company’s environment and to value the essential role  they have in achieving the Group’s results.”

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04 Jul 2013(IST)  
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