How We Manage Industrial Relations

In 2014, CNH Industrial continued to work with trade unions and employee representatives to reach consensusbased solutions for managing diverse market conditions.

During the year, volumes and product mix were unfavorable for the Agricultural Equipment segments in all Regions, with LATAM being the most affected by the net decline in sales. Compared to previous year, Construction Equipment volumes in EMEA and NAFTA showed signs of recovery, whereas volumes were down in LATAM and APAC. The Commercial Vehicles segment recorded an increase in volumes in EMEA and APAC, and a sharp decline in LATAM. The Powertrain segment recorded business growth, especially in engine sales, and especially in engine sales to third parties outside CNH Industrial.

During the year, the Company was able to transform almost 1,200 contracts (11% of which with female employees) from fixed-term to no-term (see also page 70). In addition, intensive collective bargaining took place at various levels, resulting in agreements with trade unions on, among other things, pay and employment conditions in the various countries where CNH Industrial operates.