Industrial relations

For 2011, industrial relations featured negotiations with the national trade union secretaries in relation to company or second level contracts.

Two agreements in particular were signed, whereby the new economic-regulatory framework of reference was defined, to apply to the three-year period 2011-2013, respectively in terms of Results Premiums and the Reimbursement of costs when seconded. With this latter agreement, in particular, the pre-existing set-up was superseded, relating to 20 different regional agreements, providing for a gradual convergence - to be completed by 1 January 2013 - towards single amounts nationwide for the individual reimbursement items.

We would also point out that towards the end of the year, preventive discussions were formally started up with the national trade union secretaries, with regard to the project for the new corporate structure of the Terna Group.