Groupe PSA: Meeting between Management and the Unions to Negotiate the 2018 Jobs and Skills Alignment System (DAEC)

RUEIL-MALMAISON, France–()–Regulatory News:

Groupe PSA (Paris:UG):

The New
Momentum for Growth agreement
, signed in July 2016 with five trade
unions representing 80% of employees, aims to reconcile the performance
objectives of Groupe PSA’s France-based operations with the protection
of employees’ best interests.

As part of the agreement, the Group defined and set up a responsible
employment policy in cooperation with the unions, based on securing
the professional future of its employees, externally and
internally, in particular through the application of a Jobs and
Skills Alignment System (DAEC).

Negotiations were held on 9 January to define the 2018 system, which
will be in line with the 2017 plan expiring on 31 January. The 2018 DAEC
will be based on the same measures provided under the New Momentum for
Growth agreement, and takes regulatory changes into account.

Its scope covers solely the members of the corporate workforce.

The negotiations provided an opportunity to discuss the results of the
2017 DAEC and note that the Group had fulfilled all commitments made
with the trade unions:

More than 1,200 people have been hired under permanent contracts,
including 200 in manufacturing

Around 2,500 young people were hired on internships or work-study
contracts and 54% of entry-level positions were filled by the students
trained in the Group through these programmes

More than 6,000 internal transfers

More than 1,400 internal courses to retrain employees in new
professions within the Group

1,500 employees opted to receive support to create their own business,
take leave to retrain in new skills or seek out other secure
outplacement opportunities.

In keeping with these measures, Groupe PSA has made the following
commitments for 2018:

More than 1,300 new hires under permanent contracts, including 400 in
manufacturing, to support strong demand for new vehicle models

At least half of entry-level positions filled by the Group’s former
interns or work-study employees, with the hiring of at least 2,000
young people

More than 6,000 internal transfers and over 1,000 internal retraining
courses

Secure around 1,300 outplacements (through retraining leave, business
creation and career transition passports).

The number of new hires and voluntary outplacements will therefore be
balanced, and commitments to internal retraining, internal transfers and
secure outplacement options will be maintained, backed by the same
support programmes.

Following the meeting, Xavier Chéreau, Groupe PSA Executive Vice
President, Human Resources, said: “Working together is an integral part
of our human resources policy. We have to work alongside employee
representatives to build this dynamic system which is essential to our
Group’s transformation, its performance and, consequently, its
sustainability. Our Jobs and Skills Alignment System (DAEC) has
proved effective in terms of both its contribution to the company’s
performance and the welfare of its people. Every year, the DAEC
enables eligible and motivated employees to explore new work
experiences, both inside and outside the Group, while securing their
professional future.

About Groupe PSA

The Groupe PSA designs unique automotive experiences and delivers
mobility solutions to meet all client expectations. The Group has five
car brands, Peugeot,
Citroën,
DS,
Opel
and Vauxhall,
as well as a wide array of mobility and smart services under its Free2Move
brand, aiming to become a great car
maker
and the preferred mobility provider. It is an early
innovator in the field of autonomous
and connected cars. It is also involved in financing
activities
through Banque
PSA Finance
and in automotive
equipment
via Faurecia.
Find out more at groupe-psa.com/en.

Media library: medialibrary.groupe-psa.com
/ @GroupePSA

Communications Department – www.groupe-psa.com/en
– +33 6 61 93 29 36 – @GroupePSA