EADS: new European agreement on the harmonization of the variable remuneration of Senior Managers

Senior Managers (L4) working in businesses where EADS holds over 50% of the capital in the countries where the country is primarily present (Germany, UK, Spain, France) are going to be subject to the same regulations as regards the structures of variable remuneration and the criteria taken into consideration to define it.  This new negotiation was the application of the social bargaining procedures at European level, introduced in 2010 via an agreement (see our dispatch No.  110677).

Through . Published on 12 December 2011 à 10h26 - Update on 26 March 2013 à 22h12

bject to the same regulations as regards the structures of variable remuneration and the criteria taken into consideration to define it.  This new negotiation was the application of the social bargaining procedures at European level, introduced in 2010 via an agreement (see our dispatch No.  110677).

Structure of variable remuneration.  The agreement signed in November states, “The theoretical annual variable remuneration of Senior Managers consists of one part (40%) related to the achievement of collective economic targets set by the Management of EADS and the Division (collective part) and one part (60%) linked to the achievement of individual operational and behavioral targets negotiated with each Senior Manager during his compulsory annual interview (individual part).”

  • The collective part will be contingent – except for some undertakings – on the economic performance registered at group level and in the division of the Senior Manager,…

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