With Prysmian Group's new project, employees become shareholders of the company

The company also creates space for its employees' work-life balance by maintaining a remote working system one day a week, as well as implementing a flexible working arrangement.

The world leader in the energy and telecommunication cables industry, Prysmian Group has successfully concluded its share-based variable compensation and profit sharing plan. With the strategic decision aimed at increasing employee loyalty, improving the sense of belonging, and encouraging employee performance at Prysmian Group, a share-based compensation and profit sharing plan were offered to company employees.

“Our employees are our most valuable investment”

Ülkü Özcan, CEO of Türk Prysmian Kablo, which operates within the Prysmian Group, mentioned the new practice as follows: “Our group always makes a difference with innovative approaches that encourage and increase the motivation of its employees, whom it sees as its most valuable investment. Now, with the share-based compensation and profit sharing plan, Türk Prysmian Kablo employees will share in the profits of Prysmian Group, and we believe that employee loyalty and satisfaction will also increase. With our visionary approach that closely follows the requirements of the age, we enable our employees to better maintain their private life and work balance by implementing flexible working arrangements in Türkiye. As an international leader company in the cable industry, we would like to thank our employees in our Türkiye operation, whose employee satisfaction is at high levels, for their efforts, and we believe that we will continue to lead the industry with their work discipline and enthusiasm.”

Target to make 50 percent of employees shareholders by 2030 Prysmian Group implemented its stock ownership plan in line with the 2030 Social Goal, which aims to make 50 percent of employees shareholders. Accordingly, eligible employees were included in a plan that allowed them to convert some or all of their bonuses into company shares. In addition to providing extra benefits to its employees, Prysmian Group has implemented a new dividend system bonus called "BE IN" to increase the sense of belonging and ownership for our company, which constantly invests in our country and, most importantly, human capital. Based on this vision, Prysmian Group decided to purchase 3 million shares from the stock market to distribute to its employees, which are not yet included in variable short / medium / long-term incentive plans that improve financial results. On top of this, Prysmian Group has implemented this program with more opportunities for its employees, with a promise to double the shares if employees hold all their shares in their personal accounts for 12 months (just once).

Prysmian employees have more freedom with flexible working hours

In order to prioritize the work-life balance of office employees, flexible working hours, which were implemented as of May 2023, started to be implemented in the MEART region within the company. Accordingly, Prysmian employees, who will be able to choose one of three different alternative time range throughout the day, will also continue to benefit from the current one-day-a-week remote working practice. Thus, employees not only fulfill their duties by complying with working hours, but also have the opportunity to adjust official working hours according to their own preferences throughout the week.

Support for employees with maternity and marriage benefits

At Türk Prysmian Kablo, which attaches importance to the welfare of its employees in line with the principles of inclusion and diversity, employees are provided with a maternity benefit worth 25 percent of the monthly gross wage and a marriage benefit equal to the monthly gross wage. In addition, all white-collar employees who have just started working at Türk Prysmian Kablo can benefit from private health insurance rights including their spouses and children.