Valeo commits to no France job losses in next two years | Automotive Industry News

Valeo commits to no France task losses or plant closures for future two a long time

Valeo suggests it will continue to keep all its internet sites in France open with no obligatory redundancies in the future two a long time.

The French supplier has signed a the greater part settlement for competitiveness and collective effectiveness with French unions, CFE-CGC and FO.

Three months in the past, faced with an automotive sector seriously impacted by the disaster brought about by the pandemic, Valeo’s administration began conversations with labour organisations aimed at preserving the competitiveness of its internet sites in France.

Valeo notes the Agreement for Competitiveness and Collective Efficiency, which is the fruit of eight rounds of negotiations, will cut down payroll prices and preserve the competitiveness of the Group’s French functions, with no influence on positions.

In the settlement, Valeo has created what it suggests is a “business commitment” to continue to keep all its internet sites open and refrain from any obligatory redundancies in France through the future two a long time.

“We have chosen the collective bargaining route in order to contain the labour organisations in the conclusions that will need to be taken in reaction to the disaster,”claimed Valeo chairman and CEO, Jacques Aschenbroich.

“The success of these negotiations exhibit this was a wise option. And, as we have finished through the past 10 a long time, a time period through which we have invested pretty much EUR2bn (US$two.4bn) in France, we will keep on to invest in new systems this sort of as 48V.”

Valeo employs all-around 13,500 people in France throughout 23 crops and fourteen R&D centres.