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5

Social Indicators

Employment

New Hires in France

This indicator covers the group’s companies in mainland France and its

overseas departments and territories. In the table below, the rate of

permanent new hires is calculated as a ratio of the number of permanent

new hires to total new hires in each business segment.

The number of temporary new hires is equal to the difference between

the total number of new hires and the number of permanent new hires.

New Hires in France

GRI

UNGC

OECD

G4-10, G4-LA1

6

V

2014

2013

Total

Permanent

hires

Total

Permanent

hires

C+G

832 240 (29%)

803 162 (20%)

UMG

119 44 (37%)

127 61 (48%)

Vivendi Village

124 90 (73%)

165 143 (87%)

Headquarters

11 2 (18%)

4

- (0%)

Total

1,086 376 (35%)

1,099 366 (33%)

In the French companies, the average proportion of permanent hires was

35% in 2014, compared with 33% in 2013.

Departures from the Group

Departures from the Group

GRI

UNGC

OECD

G4-LA1

6

V

2014

2013

C+G

1,428

1,512

UMG

1,588

1,336

Vivendi Village

255

286

Corporate

41

29

Sub-total

3,312

3,163

GVT

6,441

6,865

Total

9,753

10,028

The data in the table above shows all departures from the group’s

companies, irrespective of the reason. It can be compared with the table

showing all new hires.

Note: The measures taken by GVT to reinforce its corporate culture have

resulted in a slowdown in departures.

Reasons for Departures

*

Breakdown of Departures by Reason

GRI

UNGC

OECD

G4-LA1

6

V

2014

2013

Resignation

3,480

4,005

Individual redundancy

4,446

4,281

Redundancy on economic grounds

419

301

End of temporary contract

1,188

1,151

Retirement

22

21

Other causes

198

269

Total

9,753

10,028

*

This data includes GVT.

The number of individual redundancies and redundancies on economic

grounds was 4,865 in 2014: 4% in France and 96% in other countries.

62% of the departures resulting from the end of a temporary contract

are attributable to France, and 38% are attributable to other countries.

Resignations at GVT represent 66% of the total number of resignations.

This number is lower due to further reinforcement of GVT’s employee

loyalty policy.

Departures for “other causes” cover, among other things, departures for

personal reasons, departures under the contract termination procedure

or termination by amicable agreement and departures for professional

negligence.

5.1.4. Compensation

Pursuant to IFRS 5 – (Non-current assets held for sale and discontinued

operations), GVT, SFR, Maroc Telecom and Activision Blizzard have been

reported in Vivendi’s Consolidated Statement of Earnings as discontinued

operations or assets held for sale according to the following terms:

p

p

disposal in progress as of December 31, 2014: on September 18,

2014, Vivendi and Telefonica entered into an agreement for the sale

of GVT. Therefore, as from the third quarter of 2014, GVT has been

recorded in the Consolidated Statement of Earnings and Consolidated

Cash Flow Statement as a discontinued operation. Its contribution to

each line of Vivendi’s consolidated balance sheet is grouped together

under the lines “Assets of businesses sold or in the process of sale”

and “Liabilities associated with the assets of businesses sold or in

the process of sale;”

p

p

disposals made as of December 31, 2014: Vivendi deconsolidated

SFR, the Maroc Telecom group and Activision Blizzard as from

November 27, 2014, May 14, 2014 and October 11, 2013, respectively.

These three operations have been recorded in the Consolidated

Statement of Earnings and the Consolidated Cash Flow Statement as

operations sold or in the process of sale.

35

Non-Financial Indicators Handbook 2014