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  • 2008/02/15
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Paris, 13 February 2008

Georges Pauget, Chief Executive Officer of Crédit Agricole S.A., and Alain David representing Fédération Nationale du Crédit Agricole (FNCA) signed an agreement on 30 January 2008 with Group employee representatives to set up a European Works Council at Crédit Agricole Group. The agreement was signed in the presence of Crédit Agricole S.A. Chairman René Carron and FNCA Chairman Jean Marie Sander.

This is a step forward in improving employer-employee dialogue at European level in the Crédit Agricole Group.

The purpose of the European Works Council is to exchange views and discuss economic, financial and labour-related issues that have a Europe-wide impact because of their transnational and strategic nature.

Crédit Agricole's senior management stressed that the formation of the Council was a key stage in the international development of the Group, which is now established in most European Union member states (see map). This expansion is set to continue and will benefit from productive, stable dialogue within Europe. The agreement builds on a Group tradition that is firmly rooted in France.

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