Dealings and negotiations with trade unions are managed ac- cording to the highest standards of transparency and integrity and in strict compliance with applicable laws. In Italy, Romania, France, Belgium, Austria, the Nether- lands, and Spain, all employees 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 the total absence of conflict.
Once again, thanks to the climate of cooperation built by the Company over the years, in 2016 no strikes or union protests were organised 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, several meetings with trade unions were held at the headquarters in Trebaseleghe (Padua, Italy), heart of all Group operations. The Company and unions agreed on an addendum to the existing Piano di Risultato (PDR), a performance bonus implemented at the Trebaseleghe corporate offices and related to the achievement of specific Company targets for 2016, providing for an additional indicator contributing to the accrual system of the PDR itself.

In 2016, the Company carried out a reorganisation of the positions within its accounting and customer service divisions at the offices in Munich (Germany), which affected a total of five people.
Moncler is aware that certain strategic decisions can have repercussions for employees. Accordingly, in the event of significant organisational changes (such as the reorganisation of processes or other significant interventions),

the Group is committed to activating the disclosure and consultation procedures provided for by law.