Compagnie des Alpes // 2021 Universal Registration Document

4 STATEMENT OF NON-FINANCIAL PERFORMANCE Labour issues

For the Netherlands and Belgium, an agreement has been made to increase salaries every year. In Belgium, this increase is determined based on changes to the consumer price index. In Canada, the Group’s complementary health, insurance and retirement plans are key to employees’ social protection. The guarantees of these complementary plans were determined at a competitive level in relation to national standards.

In Belgium, the Group offers its staff hospital insurance cover in addition to the social protection provisions enshrined in legislation, and a pension plan for managers and employees. In the Netherlands, executives benefit from supplemental retirement insurance and employee savings plans.

4.2.4.3 Labour relations and employee representation Each Group company manages its labour relations and organises its collective bargaining arrangements independently. Over the year, the collective bargaining agreements and unilateral decisions entered into related principally to compensation, workplace organisation and health and safety in the workplace, as can be seen from the table below:

Health and safety in the workplace Other

Work organisation

Compensation Profit sharing

Number of collective bargaining agreements or unilateral decisions in the financial year

21

9

5

2

9

Group bodies Discussions at the European Works Council level mainly focused on the current situation regarding the exceptional health situation and its consequences on employment.

The 2020/2021 financial year was the subject of extensive social dialogue, particularly as part of the management of the Covid-19 health crisis.

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Compagnie des Alpes I 2021 Universal registration document