‘Paris, September 30, 2020 – faced with an automotive sector severely impacted by the crisis caused by the pandemic Valeo announces that today, Wednesday, September 30, 2020, it has signed a majority agreement for competitiveness and collective performance with French unions CFE-CGC and FO.’ The Agreement for Competitiveness and Collective Performance, will reduce payroll costs and preserve the competitiveness of the Group’s French operations, with no impact on jobs.
The agreement was signed by both majority unions, the CFE-CGC and FO, (i.e. neither the CGT nor the CFDT). The collective performance agreement provides for an increase in daily working time from 215 to 218 days, eliminates two leave days for senior managers as a sign of support for the efforts being required of all, freezes certain variable bonuses, and authorizes the transfer, if necessary of engineers and managers to production activities. On this last point Pascal Phan, CFE-CGC coordinator
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