Involving the employees in their business, making them participants in the company’s performance, can be an incentive to do their job better and to strengthen the flame of passion for the brand they serve. Renault Groupin the firm belief that employees should benefit from the dynamics of their company, continues the value sharing plan, started over two years ago, with the first operation to extend shareholding to employees.
Now that process, activated within the Renaulution Shareplanis being proposed again, in a third step, which aims to strengthen the two previous ones. To date, the initiative has allowed approximately 98 thousand workers, in the two-year period 2022 – 2023, to become shareholders at favorable conditions. As of December 31st of last year, the capital held by the latter reached 5.07%.
The intervention now continues, on a large scale, with an ambitious goal: to bring this figure to 10% by 2030. This would be a truly significant shareholding, which would solidly bind employees to the company, also on the financial front. A lever chosen by the Renault Group to increase employee commitment to the company’s performance and ambitions, in a difficult moment for the automotive sector, also determined by the uncertainties surrounding the so-called “ecological transition”.
Luca de MeoCEO of the transalpine holding, is particularly attached to the initiative: “By pursuing this employee share ownership plan, the Renault Group remains true to itself: a company that innovates in all sectors, continuing its tradition as a social laboratory”. We were saying that 98 thousand employees have already been involved in the project in the first few years.
Like the previous share placements, the new ones will also concern employees of the Renault Group and its subsidiaries, in 30 different countries, including Italy. The offer includes the free assignment of 7 actions to those entitled and the possibility of purchasing shares at a 30% discount, to which an additional corporate contribution is added. The subscription period will run from September 18 to October 2, 2024 inclusive. By law, the investment of each individual employee will be limited to 25% of his/her estimated gross annual salary for 2024.
Source: www.autoblog.it
