‘Paris, September 30, 2020 – faced with an automotive sector severely impacted by the crisis caused by the pandemic Valeo announces that today, Wednesday, September 30, 2020, it has signed a majority agreement for competitiveness and collective performance with French unions CFE-CGC and FO.’ The Agreement for Competitiveness and Collective Performance, will reduce payroll costs and preserve the competitiveness of the Group’s French operations, with no impact on jobs.