We believe that wages should not only reflect the position held by the employee, his/her experience and the average wages of the country, but also (and to a significant extent), the employee's track record, both personally and at a company level.

This is why we have developed, for most of our companies, remuneration and incentive programs that award the quality of an employee's work and make his/her active participants in the success of the company and, in some cases, of the Group.

These systems are based on a meritocratic process, applied to all employees, which includes an individual evaluation made at formal meetings between the employee and his/her manager (two per year).

In particular:

• Employees at the central office and branches in Italy earn bonuses linked both to the Group's performance (EBITDA) and to the direct results they’ve achieved during the year;
• Employees who work in sales receive bonuses when certain sales objectives are achieved, when past results are maintained, and extra bonuses when the results exceed targets;
• Employees at manufacturing facilities can earn bonuses in relation to their continued presence at work, productivity and, in part, in relation to the company's results or those of the Group overall.