Company
EADS
Date of signature
15 June 2011
Signatories
EADS, EADS EWC and unions members of the European negotiating group.
Key objectives
“The EADS Group has been applying a success-sharing system for the benefit of its employees since 2004. The Management and social partners have made various changes to the initial system over time with a view to enhancing the motivation of the beneficiary employees. The central Management of the EADS Group, the national trade unions’ representatives and the European Works Council consider that it is necessary to continue along these lines by taking operational performances into account in the calculation rules used in the success-sharing system from now on. This development will establish a closer link between the daily activities of the Group’s employees and the final success-sharing amount distributed and will by the same token enhance their motivation and commitment. Moreover, the signatories confirm their goal of applying a profit-sharing scheme in every company of the Group while taking into account the economic situation of the respective company and the national environment of the country in which it is located.”
Duration
Indefinite
Applicable law
Not defined
Implementation and dissemination
Implementation
“The “success-sharing” budget is allocated in a uniform manner to all eligible employees according to the legal rules in force in the country concerned.”
Review and monitoring
Monitoring
""Every year, on the occasion of the first plenary session of the EADS N.V. European Works Council, the Central Management presents the results of the Group success-sharing implementation and notably:
- the companies in which the provisions of the Group agreement have been applied and the success-sharing amounts distributed to their eligible employees;
- the companies which have concluded a specific profit-sharing agreement with the corresponding amounts paid to their eligible employees;
- any companies which have refused to enter into negotiations on profit-sharing and the reasons for such refusal.”
Dispute settlement and sanctions
Not defined
Related texts
This agreement replaces the agreement of 25 June 2008.
Main topic
Wage and financial participation (success sharing plan).