Moncler acknowledges and respects the right of workers to be represented by trade unions, and maintains an ongoing relationship with union representatives based on mutual recognition, dialogue, and cooperation.

Dealings and negotiations with trade unions are managed according to the highest standards of transparency and integrity and in strict compliance with applicable laws.

All employees in Italy, Romania, France, Belgium, Austria, the Netherlands, Spain, Brazil, and Russia, accounting for 57% of the global workforce, are covered by collective bargaining agreements.

Moncler’s industrial relations policy is built on a commitment to constructive

dialogue, aimed at engaging workers’ representatives and maintaining a good working atmosphere. The search for shared solutions results in a total absence of conflict.

Once again in 2020, thanks to the climate of cooperation the Company has built over the years, no strikes or union protests were organized against Moncler by workers employed by Group companies. Similarly, there were no reported cases in which freedom of association and the right to collective bargaining were undermined or placed at risk.

During the year, meetings with trade union representatives mostly concerned the handling of the COVID-19 pandemic

and the health, organizational, procedural, and training measures the Company put into place. The second level supplementary contract, which expired in December 2019, was renewed for one year.

Moncler is aware that certain strategic decisions can have repercussions for employees. Accordingly, in the event of significant organizational changes (such as the reorganization of processes or other significant interventions), the Company has always implemented disclosure and workers’ consultation procedures provided for by law and will continue to do so in the future.