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Atlantia extends share incentives and bonuses to all employees

Atlantia extends share incentives and bonuses to all employees
Atlantia extends share incentives and bonuses to all employees   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">MILAN</span> – Italian infrastructure group Atlantia said on Monday it had reached an agreement with unions to extend to all employees share incentive schemes and bonuses previously reserved for senior management.</p> <p>The group controlled by Italy’s Benetton family said the new remuneration model would come into effect in 2022. </p> <p>Under the scheme, all workers will be entitled to a variable remuneration and an annual share incentive plan in addition to their salary.</p> <p>The new system will give non executive staff as well as middle managers and administrative staff the opportunity to earn bonuses worth up to 50% of their fixed pay.</p> <p>The company said it had also revised and expanded corporate benefits for employees to include expenses incurred for the care of the elderly or for the children’s education.</p> <p>Atlantia, which had to spin off its motorway concession business and return it into state hands following a deadly bridge disaster, said it aimed “to create an organisation in which responsibilities and opportunities are widely shared.”</p> <p>“Atlantia is undergoing a period of significant organisational and cultural change,” <span class="caps">CEO</span> Carlo Bertazzo said in a statement.</p> <p>Atlantia said it had reached a separate agreement with unions to adopt a ‘hybrid’ work model with three days in the office and two of remote working. </p> <p/> </div>