Safran reenergizes labor relations in 2011 All Group companies sign wage and salary agreements

Paris, March 23, 2011

For the first time since the creation of the Safran group in 2005, all companies have signed wage and salary agreements this year, within the scope of France's mandatory annual negotiations.

The agreements signed will increase compensation levels within the Group by about 3%, including 2.75% for general and individual raises.

All unions also signed an agreement on preventing stress in the workplace in January, extending a stress evaluation initiative to cover all Group facilities in France. At the same time, the agreement provides for stress-prevention training and awareness-raising measures for everybody involved (management, employees and employee representatives).

Recruitment on the rise

Planning ahead for a recovery in air traffic and the strong growth in Security business, Safran plans to hire more than 1,300 new employees this year, including 80% engineers and management staff.

Safran will also welcome more than 2,000 interns, enabling them to discover its businesses and acquire professional experience.

A Group-wide agreement to support the employment of seniors was signed in 2010, reflecting Safran's goal of enhancing the transmission of skills and expertise. The Group invests about 4% of its annual payroll in training (and some 70% of all employees receive training once a year, on average).

Safran Corporate University is the primary venue that supports the Group's policy on sharing skills and expertise. Intended for all employees, the University's main objective is to provide training that addresses the Group's strategic challenges. It will eventually offer training courses across all of the Group's business sectors, enabling employees to continue enhancing their skills throughout their careers.

Last year Safran hosted nearly 80 doctoral candidates and filed for 426 patents, ranking it fifth in France and clearly reflecting the Group's focus on technological innovation.

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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.

Groupe Safran
Communications Department
2, bd du Général Martial Valin
75724 Paris Cedex 15 - France
Press Contact:
Catherine Malek
Tel : +33 (0)1 40 60 80 28
Email:catherine.malek@safran.fr