Around the world, over  22,000 employees contribute their skills and motivation to Vallourec. Their expertise and commitment is essential to the success of the Group.

Vallourec is particularly attentive to the safety, training and motivation of its employees, business conduct and social dialogue plays an important role.

Safety first - "Cap Ten Safe"

The safety of our employees is a priority. After "Cap Ten Safe" programm in 2008, the Group launched the "CAPTEN+ Safe" project, in 2011, overseen directly by the Group's Executive Committee, which sets out ambitious targets to reduce accidents. In 2011, 313 continuous improvment teams  were dedicated to security and 28 000 safety visits were organized at every Group's site. At end-December 2011, the annual LTIR* stood at 2.8: it is down by two-thirds in two years. Since 2008, Vallourec reported 200 fewer accidents.

* LTIR: number of accidents with lost time per million hours worked.

Training and motivation 

Vallourec's training policy aims to balance the career aspirations of its employees with professional requirements of the company. Almost half of the training time is focused on improving professional skills, and one third is dedicated to safety.

Vallourec’s compensation policy is motivating and fair and includes profit sharing programmes.

Vallourec promotes employee share ownership. Since 2008, Vallourec has launched annual employee share offerings and at 31 December 2011

employee shareholders interest in the Group’s share capital was 5.0%.  

Business conduct - Code of Ethics

In 2009, Vallourec published its "Code of ethics" and announced the appointment of a Code of Ethics Officer. The Code of Ethics sets out the values and principles that the men and women working for Vallourec share, across the diversity of their cultures and experience.

Social dialogue - Principles of Responsability

Wherever Vallourec operates, Vallourec is respectful of international conventions and national laws and adapts itself to local practices. Vallourec is pursuing its efforts to improve the accessibility of its workplaces to facilitate the integration of employees with reduced mobility.

In agreement with its international social partners, Vallourec management has elaborated the  "Principles of responsability applicable within the Vallourec Group".