The employee participation system for company results Sample Clauses

The employee participation system for company results. The performance of the Valeo Group depends on the work of its personnel. For this reason, the Group considers that social progress must match economic progress and that employees must benefit from the results of their company, the outcome of their hard work. Signatories aim for an employee participation system based on company results, to complement basic wages, in some form, to gradually become general practice in all Group companies in Europe in compliance with national obligations. In parallel, Group companies also organise an employee participation system known as "progress bonus" based on the operational efficiency of employees.
Sample 1
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