Presentation of Eramet solidarity plan
Since the beginning of the health crisis, Eramet has been working hard to combat the spread of the Covid-19 virus by setting up all the necessary preventive measures to protect the health of its employees and their families, as well as through internal support initiatives at every level of the company.
This effort entered a new phase mid-April with the creation of a solidarity plan backed by the allocation of an exceptional budget of 1.5 million euros and the redirecting of initiatives to support communities around the mining and metallurgical Group's sites. In all, Eramet will be able to spend around €10 million to fund practical efforts to combat the spread and consequences of the pandemic through health care projects (prevention and support for the health services sector) as well as economic and social support.
In order to make a personal contribution to the solidarity plan, the Group's executives have decided to take a pay cut in April and May 2020:
- Christel Bories, the Group’s Chairman and CEO, has decided to forego 25% of her pay and to contribute this amount to the solidarity plan.
- The members of the Executive Committee decided to forego 10% of their pay and contribute it to the plan.
The members of the Board of Directors also supported this effort by foregoing 10% of their annual pay, which will contribute to the plan.
This extraordinary effort is consistent with Eramet's strategy for local communities, to which the Group devotes a total of 13 million euros on average per year. In 2020, a large part of the Group's efforts will thus be devoted to the fight against the pandemic, particularly through a significant increase in health spending and initiatives to provide economic and social support to communities.
Presentation of the solidarity plan by Virginie de Chassey, Executive Vice-President, Sustainable Development and Communication at Eramet
Local solidarity initiatives
Here are a few examples of actions we did to protect and support Eramet employees and host communities around the world (April 2020).