€ 776m

In salaries & other benefits to employees

Umicore employs 11,152 people worldwide. Because our employees are key to our success, we invest significant resources in ensuring we are an employer of choice in all the regions where we operate. In 2019, Umicore paid a total of € 776 million in salaries and other benefits to the employees of fully consolidated companies. Social security payments totaled € 102 million. Umicore is committed to providing competitive salaries and working conditions to its employees and to providing occupational and professional training opportunities. Employees are expected to adhere to the principles and policies outlined in The Umicore Way and Code of Conduct. Open dialogue is promoted within the company and includes an opinion survey every 3 years.

Umicore respects the principle of collective bargaining wherever it is requested. While such practice is commonplace in Europe, in other locations collective bargaining mechanisms and trade unions may be less common or face local legal restrictions. In 2019, Umicore renewed the sustainable development agreement with the international union IndustriALL on the global implementation of its policies on human rights, equal opportunities, labor conditions, ethical conduct and environmental protection. The agreement allows trade unions to participate constructively in the pursuit of these objectives. A joint monitoring committee composed of both parties oversees the implementation of the agreement.

Company-wide communication channels include intranet and company and business unit newsletters. Umicore operates a Group-wide learning management platform called “MyCampus”. In the last quarter of 2019 Umicore also deployed MS Teams which will be used as a social collaboration tool to facilitate knowledge sharing through the company.

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