Common use of Principle 4 Clause in Contracts

Principle 4. AXA will do its utmost to prevent compulsory redundancies and other collective disruptions, by pursuing other approaches whenever possible. In particular, AXA will: The above alternative social measures give the company the leeway in making the desired changes and give staff a say in their future, even in a period of difficult restructuring. Pursuant to the above principles, AXA pledges to maintain its internal skills base and to operate with a view to profitability, in order to sustain the company in the long term. To this end it encourages staff members be flexible and consider accepting job change offers. AXA pledges to recognize employee representatives (i.e. as recognized in the legislation in force in each country or, failing this, in the practices of the local AXA company relating to staff representation), and to uphold their freedoms, rights and functions as they derive from national laws and, where necessary, from agreements in force in the local business units.