As you might know we were busy preparing the contents of the CLA-negotiations. Soon it appeared from the deliberations between the joint unions and AkzoNobel that many employees needed short term clarity considering the coming split.  After weighing the pros and cons the parties concluded that it was in the interest of everyone to have a quick deal provided the deal is attractive.

AkzoNobel and the unions have in principle reached agreement about a new CLA for the company in Nederland. The new CLA is valid for one year till July 1, 2018 and comprises a raise in salary in two steps: a raise of 1.75% on July 1, 2017 and 0.50% on January 1, 2018. The subsequent payment for 2017 will take place with the January salary payment.

Early November subjects that need completion will be under discussion during the regular meeting between the unions and AkzoNobel. These subjects concern details of the agreement to change the standard pension age from 67 to 68 years, the 3rd WW-year and continuation of the sustainable deployment. VMHP AkzoNobel has also put the financial position of our pension fund (after the slpit) on the agenda.

It is agreed further, that payments of the new sales incentive program replace the RAB/Ebitda clauses for those concerned. For this limited group the text of the CLA will be adapted. Note: This concerns new programs that only can be agreed upon after approval of the individual employees concerned. In total this concerns about 80 employees. As long as there is no other program besides the existing sales incentive RAB and Ebitda stay.
Early November details of the agreement will be developed, followed by submitting it to the Members Council and the members.

Chris van Loon