Safran's Human Resources policy New agreement with unions reflects focus on jobs and skills planning

Paris, December 15, 2011

The Safran group signed an agreement with four major unions (CFDT, CFTC, CFE-CGC and FO) on November 24, concerning jobs and skills planning in France. The agreement will be extended to cover Safran's European facilities within three years.

Facing new economic and technological challenges, Safran is implementing this approach to anticipate changing job requirements at Group companies, and make sure it deploys the appropriate human resources to meet these challenges. Safran gives all employees the possibility of developing their own career paths, reconciling personal and corporate objectives to support enhanced innovation and competitiveness.

"Fostering the personal and professional development of all our employees while meeting our corporate needs is a top priority for Safran," said Jean-Luc Bérard, Vice President for Human Resources. "Today, we want to go even further, by anticipating changes in our professions and by securing our people's career paths. Safran therefore plans to facilitate mobility within the Group and bolster our employees' skills through training programs."

The latest agreement with unions on jobs and skills planning has four main facets:

  • Organization of information on corporate strategy and Safran's medium- and long-term outlook, as well as its employment and skills policy.
  • Based on a corporate reference system, analyzing current resources and projected changes in jobs and skills requirements, then developing an associated action plan. This analysis will be carried out by a Group committee created by this agreement, with equal representation of labor and management.
  • Supporting the development and protection of career paths within the Safran group.
  • Building solid foundations for the future based on a commitment to corporate social responsibility (CSR) and solidarity.

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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 CAC 40.

Contact
Communications Department
Catherine MALEK
Press Contact
Tél +33 (0)1 40 60 80 28
Email: catherine.malek@safran.fr

Groupe Safran
2, bd du Général Martial Valin
75724 Paris Cedex 15 – France