EDP establishes new collective labour agreement
The EDP Group reached an agreement with the 64 unions representing its employees for a new CLA – Collective Labour Agreement, including all companies – 23 – that are 100% owned or over which it exercises control, based in Portugal. This agreement covers approximately 6,700 employees of EDP Group in Portugal.
Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities Code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
The EDP Group reached an agreement with the 64 unions representing its employees for a new CLA – Collective Labour Agreement, including all companies – 23 – that are 100% owned or over which it exercises control, based in Portugal. This agreement covers approximately 6,700 employees of EDP Group in Portugal.
The new agreement:
• ensures the economic/financial sustainability of the employees social protection model, in retirement and healthcare condition, reshaping in particular the mechanisms of shared contributions;
• redesigns the management model of professional careers by increasing their range, creating new descriptions of professional profiles and reinforcing the mechanisms of professional progress based on merit;
• includes standards which encourage the promotion of internal mobility, the flexibility of labor organisation and reinforce the internal directives regarding safety and healthcare at work.
EDP – Energias de Portugal, S.A.
Download
