Safran signs "generations contract", reflecting ongoing commitment to hiring young people and seniors

Paris, September 17, 2013

Safran signed an agreement on the "generations contract" today with French unions CFDT, CFE-CGC and FO, confirming its commitment to hiring young people and seniors.

Covering a period of three years, this agreement defines concrete measures in several key areas of employment.

  • Sustainable integration of young people in the professional environment
    The agreement sets an objective of recruiting at least 40% of new employees under 30 years old out of all new Safran hires. Other provisions are also planned, to integrate these young people in the work environment and develop work-study programs and internships.
  • Recruitment of senior employees, and maintaining their employment
    The agreement sets two objectives from this viewpoint: at least 4% of new hires over 50 years old, and maintaining the proportion of employees 55 and older at more than 15% of the total Group workforce. Other measures to be deployed include a health assessment, teleworking and part-time work with supplemental benefits.
  • Transmission of skills and expertise across Safran
    The agreement provides for measures designed to ensure the long-term preservation of skills, considered vital for the Group, while also developing effective mentoring arrangements.
  • Fostering diversity and equal opportunity
    The agreement reaffirms Safran's commitment to equal opportunity for all job candidates, fighting discrimination, and promoting diversity among employees.

"Safran was a pioneer in this area," points out Jean-Luc Bérard, Vice President for Human Resources. "We already realized a number of years ago that we had to better integrate new hires in our enterprise, and also facilitate the transmission of skills. Over the last few years we have developed mentoring arrangements, especially for jobs demanding extensive experience and high-level expertise. Our continuing objective is to encourage our employees to transmit their skills and knowledge to new employees. This agreement clearly bolsters our initiative, by setting up a concrete action plan over the next three years for all Group companies. The ambitious objectives and broad variety of measures in this agreement are clearly aligned with Safran's own performance and growth objectives."

The agreement signed today by Safran concerning the "generations contract" validates the European agreement on the professional integration of young people, signed by Safran in March 2013. It extends the Group-wide agreement on senior employment, which terminates at the end of September.

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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 Group has 62,500 employees and generated sales of 13.6 billion euros in 2012. 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 1.6 billion Euros in 2012. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
For more information, www.safran-group.com - Follow @SAFRAN on Twitter

Safran
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Press Contacts :
Catherine MALEK
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catherine.malek@safran.fr

Caroline COUDERT
Tél +33 (0)1 40 60 82 20
caroline.coudert@safran.fr