The agreement provides for economic incentives, work flexibility measures and new tools for promoting and upgrading employee career paths.

Ferretti Group has sealed an important agreement with trade union representatives over the renewal of their second level supplementary contract, a result that highlights the Group’s ongoing commitment and its understanding of the indispensable value of its workforce.

In a context where the need to reconcile private life and work is increasingly vital, Ferretti Group has introduced measures to support its employees’ wellbeing.  One of them offers the possibility of part-time work for people who have to assist their children up to 12 years old or family members with serious health problems, while another introduces smart working to enable employees to work remotely for four days in a month. The agreement also provides for greater flexibility in the family leave offered to mothers and fathers, which will also be accessible on an hourly basis and with up to 60% extra INPS social security indemnity for a maximum of six months.

On the health front, the 10 hours a year leave for healthcare needs has been retained, whereas in economic terms the agreement provides for an increase in food vouchers and also in professional indemnity amounts. Further, the Company has decided to increase its contribution to the supplementary social security fund for the relevant category from 2.3% to 2.5%. There will also be incentives for employees to allocate part of their performance-related pay to the supplementary social security fund to ensure a more robust pension.

Lastly, there will be significant increases in gratuities for employees, starting with their holiday bonus, which rises to €2,000 from 2025 in recognition of their efforts over the year. The loyalty bonus will also be upgraded by extending it to employees with 26 to 36 years seniority in the company, as a mark of gratitude for their long-term contribution. Further, in the 3-year period 2025-2027, the base value for performance-related pay will rise to €4,000 on achieving productivity targets, which will entail an average increase of over 10%.