PSA_GROUP_REGISTRATION_DOCUMENT_2017
DECLARATION ON EXTRA-FINANCIAL PERFORMANCE Human Resources: Enabler of Performance
Employee shareholding operation: Accelerate In order to get employees more involved with the Group’s strategy for profitable growth and the resulting value creation, between September and October 2017, Groupe PSA completed a shareholding operation reserved for employees: Accelerate 2017. This operation follows up on the success of the first capital increase Accelerate performed in 2015. As a result of this operation which covered 15 countries, employees had the opportunity to acquire Peugeot S.A. shares under preferential conditions, benefiting from a discount on the reference price, a contribution and a guaranteed investment offering, as part of a settlement filed with the Financial Markets Authority. A sum of €25 million was dedicated to this operation, contribution included, and it was fully subscribed. A total of 11,200 Group employees participated and benefited from preferential conditions linked to this investment. Healthcare, death & disability coverage The Group is committed to covering core risks such as life insurance for all employees (on fixed-term contracts or permanent contracts) worldwide.
The Group initiated a partnership with an international insurance broker several years ago. The Company is thus able to run its health and welfare schemes worldwide throughout the year and optimises the cost/services ratio for the benefit of the Company and the employees who make partial contributions. Several calls for tender were issued in 2017 in order to keep premium increases down and improve insurers’ service quality, which is the case in the Netherlands, Russia and Turkey. Life/disability insurance was improved in Japan. Pension The Group has set up defined-contribution pension schemes in all countries where necessary according to market practices and available resources. Such plans are in place in Germany, Belgium, Spain, France, Japan, the Netherlands, the Czech Republic, Slovakia, the United Kingdom and Turkey. Managed by local joint labour management committees, these plans are designed to provide beneficiaries with supplemental retirement income in addition to their statutory retirement benefit. There are also specific pension plans in addition to the statutory requirements in Brazil and Argentina.
Payroll costs DPEF.3
TOTAL PAYROLL BY REGION (at 31 December)
Rest of the world
Year
France Rest of Europe
Total
(in million euros)
PCD Automotive Division
2017 2016 2015 2017 2016 2015 2017 2016 2015 2017 2016 2015 2017 2016 2015
3,183 3,284 3,510 2,842 2,958 2,944
1,025 1,041
329
4,537 4,642 5,029 2,842 2,958 2,944
317
1,119
400
- - -
- - -
of which PSA Automobiles SA
Other Businesses
94 66 99
6 7
5 4
105
77
71
13
183
Faurecia
749 797 807
1,100 1,194 1,262 2,131 2,242 2,452
1,328 1,293
3,177 3,284 3,388 7,820 8,003 8,600
1,319
4,027 4,147 4,416
1,662 1,614 1,732
TOTAL
In 2017, total payroll costs came to €6,165 million, while related payroll taxes amounted to €1,665 million. Annual median salary in France is €36,867.
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GROUPE PSA - 2017 REGISTRATION DOCUMENT
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