CNH INDUSTRIAL EMPLOYEES IN ITALY TO RECEIVE CONTRACTUAL BONUS FOR 2019 RESULTS
London, February 3, 2020
CNH Industrial communicated today the salary bonus values for the Company’s Italian employees, payable in the forthcoming February pay slips, to the Italian Union Organizations. The bonus is related to productivity and efficiency gains achieved, as covered in the specific Collective Labor agreement (“Contratto collettivo specifico di lavoro”, or Ccsl) applicable to all CNH Industrial employees in Italy.
As defined by the Ccsl, results vary depending on the performance achieved by each separate production unit, measured according to the WCM (World Class Manufacturing) system.
In 2019, almost all CNH Industrial production sites in Italy involved in the WCM program have reached or exceeded the minimum level of efficiency gains, which warrants the bonus payment. Moreover, all the plants that will receive the bonus will see an increase in the premium compared to last year and also personnel not linked to production sites will receive a higher premium than that of the prior year. This result is possible thanks also to the pay increases and new bonus calculation matrix set down in the revised Ccsl, which was signed in March 2019 and will remain in force for the four-year period 2019-2022.
In particular, employees of the plants that achieved the best results in terms of efficiency gains (Brescia Mezzi Speciali, Jesi, San Mauro Torinese, Suzzara, Torino Driveline and Torino Motori) will be receiving average amounts in the range of €1.172 - €1.452.