At a time when most Western countries are seeking to increase the legal retirement age – to reduce pension scheme deficits or, in some cases, to address skill shortages – mind RH has taken a closer look at the transnational company agreements signed by multinational firms with a view to fostering the employment of older workers within their foreign subsidiaries. Seven agreements have been picked out, most of them European, which focus on the employability and job retention of ageing employees.
Out of 385 transnational company agreements registered, only seven make reference to the employment of older workers. These framework agreements were signed between 2007 and 2022. Two are international framework agreements (IFAs) – those of Renault (2019) and Solvay (2022) – while the others are European framework agreements (EFAs). Six of the agreements are at French multinationals, while the seventh and most recent was signed in March 2022 by the Belgian chemical group Solvay and IndustriALL
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Article authors
Nathalie Tran
Editor-in-Chief Mind HR