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PRYSMIAN GROUP | DIRECTORS’ REPORT
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workforce, thereby encouraging employee participation at every level. Moreover, all participants receive 6
free shares as a one-off entry bonus.
The objectives pursued in launching this plan are to increase employees' sense of closeness and belonging
to the Group as well as their engagement with and understanding of the business, in order to converge the
long-term interests of shareholders, customers and employees and to strengthen the internal perception of
Prysmian Group as one, single company, a real "One Company". In brief, the Group's intent is to have its
employees become stable shareholders, thus making them owners of a small part of the business in which
they work.
Plan participation in the launch year confirmed the expectations: around 5,000 employees, or 32% of the
total (of whom about 55% were BC grades) signed up to the Plan in 2014, confirming their great sense of
corporate belonging and their confidence in Prysmian's people and in its future.
Year two of the plan in 2015 saw the number of employee-shareholders climb to 6,500, representing 40% of
those entitled.
Plan participation in some countries was very high even in year two, with for example, nearly all employees
signing up in Romania, about 89% in Turkey and 67% in the Milan headquarters.
Social and internal relations
The Group maintains constant and positive relations with employee representatives and trade unions based
on mutual respect and fair discussion, in the belief that, with due respect for each other's roles, common
interests can be pursued through constructive dialogue.
Employee and trade union representatives therefore operate freely in compliance with local laws and
practices.
During 2015 a number of industrial restructurings in Italy, France and the Netherlands were the subject of
discussions with the unions, leading to agreements for the definition and/or conclusion of the relevant social
plans.
Meetings of Prysmian's European Works Council were held in April and October and were attended by the
body's delegate members. Both meetings were prepared beforehand by the Select Committee which
decided the content in terms of information about the business, its most significant initiatives, and information
about the shareholders, with ample room left for further questions.
For a more detailed understanding of the Prysmian Group's commitment to human resources, please refer to
the 2015 Sustainability Report.