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Group agreement on Employees Ownership Scheme - Suez

Company

Suez

Date of signature

03 July 2007

Signatories

CEO of Suez, Bureau of the European Consultative Committee, European Trade Union Confederation (ETUC), European Confederation of Managers (CEC), national organisations: CFDT, CFTC, CFE-CGC, CGT, CGT-FO

Key objectives

“The purpose of the agreement is to create a financial motivation scheme for employees who meet the conditions defined in article 3 below (Beneficiaries (…)”

Duration

3 years“The Agreement is signed for a period of three (3) years, being from 1 January 2007 to 31 December 2009, and may not be renewed by tacit agreement.
At the end of this period, the agreement will no longer be effective.”

Applicable law

French Labour code (review)

Implementation and dissemination

Dissemination
“In accordance with the provisions of Article L. 132-10 of the Employment Code, the agreement shall be registered at the Paris Direction départementale du travail et de l'emploi (Departmental Employment Management) and at the registry of the Paris Conseil de Prud’hommes (Employment Inspectorate).”

Review and monitoring

Monitoring
“The representatives of the Suez Group European Consultative Committee (ECC) will be involved, through the ECC bureau, in monitoring the agreement.
In order to enforce the agreement and particularly if a method is modified, additional members may be involved in monitoring.”

Dispute settlement and sanctions

Dispute settlement:
“Questions of interpretation relating to the agreement are the sole prerogative of the monitoring committee mentioned above.”

Related texts

International Social Charter - Suez Lyonnaise des Eaux (1998)
Charter Health and Safety at Work (2002)
Group Social Dynamics - Agreement on Commitment to promoting equality and diversity within the Group (2007)
Group Social Dynamics - Agreement on Employment and Expertise plan (GPEC) (2007)
Agreement on social guarantees for Suez Group employees (2008)

Main topic

Financial motivation scheme.

Secondary topic(s)

Download:
Suez_Association_EN.pdf