On February 21, 2023, the OGBL and LCGB syndicates signed an agreement in principle with Encevo management on the renewal of the collective agreement for the group’s employees.

The entire collective agreement will run for 18 months, from January 1, 2023 to June 30, 2024. In addition to the employees of Creos, Enovos, Leo and Encevo, the employees of the new company Teseos have also been included in the Group’s collective bargaining agreement.

The agreement includes the following improvements

• A guaranteed bonus of 1,500 euros for all employees in 2023.
• An additional performance-related bonus, possibly of 1,000 euros.
• A structural revaluation of the first ten years for lower career levels.
• Full coverage of the additional cost of supplementary health insurance for a period of three years (January 2023 to December 2025).
• Incorporation of the results of the working groups set up under the previous agreement.

All other existing benefits will of course be maintained.

The Encevo Group, headquartered in Esch-sur-Alzette, currently employs approximately 1,100 people.

Communicated by the OGBL and the LCGB, February 23rd, 2023