Retirement plan. In order to help up to 3,500 employees who will reach retirement age within 4 years after they leave retire in 2013 and 2014, Enel applies Article 4 of the labor reform (Act No. 92/2012, see article No. 120751). This means that it commits itself to providing them with an allowance that is equal to what they should receive according to the law. Enel will pay for this allowance given by the Inps as of the month following the moment they leave. Enel will also keep paying contributions for the employees concerned until they get full retirement rights. Company agreements in individual group undertakings will determine the number and categories of employees who ‘volunteered’ for the procedure between June 1 and August 31 (a template is provided in the annex).
Italy: Enel signs two framework agreements on the management of ‘surplus’ workers
On May 9, Enel group and the Filctem-CGIL, Flaei-Cisl and Uiltec-Uil unions signed two framework agreements on the management of ‘surplus’ workers. The first is on the group implementing Article 4 of the latest labor reform, allowing workers to retire early if they are entitled to fully retire within four years after they leave. The company is responsible for paying the salary but it is managed by the National Social Security Institute (INPS). The second governs professional and geographical mobility for employees in units hit by the crisis. Enel also promised to recruit 1,500 young people with an apprenticeship contract. (Ref. 130324)
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