Solvay profit-sharing

Solvay, the Belgian-based chemical group, has signed a profit-sharing deal with a body representing the company’s employees worldwide.

The agreement runs for two years and provides for the distribution of up to €10 million to the company’s 26,000 employees if targets are met. Financial targets are the most important, accounting for 80% of the total, while 20% depends on meeting targets linked to sustainable development, such as energy saving.

The money is divided between the countries where Solvay operates, on the basis of each one’s total pay bill and within the countries each employee will receive the same amount.

Albert Kruft, coordinator of the Solvay Global Forum, the body that signed the deal on behalf of the employees, described the deal as “a form of recognition towards all the employees across the globe who contribute to the success of Solvay”.

The scheme will apply to a total of 51 out of 52 countries where Solvay operates; France already has a similar scheme.