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    VIE   FR0000124141

VEOLIA ENVIRONNEMENT

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Real-time Euronext Paris  -  11:35 2022-08-12 am EDT
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Harlow refuse workers vote for strike action

06/28/2022 | 09:09am EDT

Refuse workers from UNISON's Eastern region have voted 97% in favour of strikes in the hope of securing a better pay offer.

They received nothing last year, with employer Veolia offering 7% for 2021 and 2022. Inflation currently stands at 9.1%, wiping out the value of that rise.

The company had been refusing to even talk about pay at the Mead Park depot, but has now agreed to meet.

UNISON is urging Veolia to come to the negotiating table with a new offer and avoid disruption to the public, before it announces strike dates.

UNISON regional manager Caroline Hennessy said: "Harlow's refuse workers have made their feelings known. They won't accept another year of tightening their belts and struggling to make ends meet.

"No-one at the depot wants to strike and stop providing their vital service to the public. But they've just got no other options.

"Veolia has refused to even talk to staff about a meaningful pay rise. The ball is entirely in the company's court. If Veolia bosses want to avoid missed collections and rubbish piling up in the summer heat, they can make an offer that doesn't leave bin workers worse off."

Workers at Mead Park voted 97% in favour of strike action on a 97% turnout. They will now discuss the next steps and announce strike dates in due course."

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 39 518 M 40 519 M 40 519 M
Net income 2022 977 M 1 002 M 1 002 M
Net Debt 2022 19 111 M 19 595 M 19 595 M
P/E ratio 2022 18,5x
Yield 2022 4,32%
Capitalization 17 590 M 18 035 M 18 035 M
EV / Sales 2022 0,93x
EV / Sales 2023 0,88x
Nbr of Employees 179 718
Free-Float 93,5%
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Number of Analysts 14
Last Close Price 25,57 €
Average target price 33,50 €
Spread / Average Target 31,0%
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Managers and Directors
Estelle Karine Brachlianoff Chief Executive Officer & Director
Claude Olivier Francois Laruelle Chief Financial Officer
Antoine Frérot Chairman
Christophe Nebon Director-Technical & Performance
Didier Bove CIO, Senior VP-Information Systems & Technology
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