401–1 New employee hires and employee turnover

Boliden aims to have a diverse workforce in all of its operations. Boliden has instituted a policy aimed at facilitating its goal of ­female employees constituting 20% of the total workforce by 2020.

401–2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

Boliden offers a comprehensive and competitive package of market-­rate salaries, benefits, and bonuses.

Profit-sharing program

The profit-sharing program for all employees: a profit share is payable when the return on capital employed reaches 8%. The maximum profit share of SEK 30,000/full-time employee is ­payable when the return on capital employed reaches 18%.

Significant locations of operations

While the benefits offered by Boliden are similar at all Boliden operations, they are not identical due to legislative differences between the different countries. Examples of these differences include parental leave, parental pay, and opportunities for working shorter hours during the early childhood years. In Sweden, Ireland, and Norway, for example, Boliden provides compensation for employees on parental leave as a complement to the compensation from the social security systems in these countries. In Finland, all compensation for employees on parental leave is paid exclusively by the social security system.

Below is a description of the benefits offered to our employees by significant locations of operations, defined as the countries where our production facilities are located.

Finland

Boliden’s employees in Finland have valid contracts of employment regulating their salaries and other general working conditions. Furthermore, all employees, including temporary workers and those working part time, receive benefits in addition to those included in the collective agreements and individual employment contracts. These benefits are health care, employers’ liability insurance (statutory), travel insurance (only for working trips), leisure time accident insurance, sports insurance (in special cases), insurance against treatment injury (statutory), group life assurance (statutory), employment pension insurance (statutory), workmen’s compensation insurance, and maternity/paternity leave. All employees benefit from the various leisure and healthcare activities provided by the company.

Ireland

Boliden’s employees in Ireland are paid salaries and allowances as well as shift premiums as outlined in collective agreements and/or individual employment contracts. Employees are, furthermore, entitled to the following benefits: life assurance, health insurance (subsidized or fully paid), access to company healthcare, disability coverage (white-collar employees only), pension, bonuses, retirement provision, maternity/paternity leave, annual leave and public holidays, and the reimbursement of travel and other work-related expenses.

These benefits are provided to all full-time and part-time ­employees (sometimes proportionately) as well as to employees who are on a fixed-term contract. Summer students and temporary employees on very short-term contracts, however, are not entitled to all of the above benefits.

Norway

Boliden’s employees in Norway have valid contracts of employment regulating their salaries and other general working conditions. Employees are, furthermore, entitled to the following benefits: life assurance, travel insurance (official company journeys), health insurance (fully paid), disability coverage, defined contribution of 5 or 8% from base salary, and a defined benefit of 70% (incl. state pension) of salary between 62 and 67 years of age, optional loans for consumer goods (max. NOK 30,000), ­maternity/paternity leave (10% paid by company), annual leave and public holidays, and reimbursement of travel and other related expenses.

The benefits do not differ between full-time and part-time employees. Temporary workers, however, are not entitled to ­consumer-goods loans or to company pensions. Temporary workers on short-term contracts (e.g. summer students) are only entitled to life assurance, travel insurance (official company journeys), and disability coverage.

Sweden

Boliden’s employees in Sweden have valid contracts of ­employment regulating their salaries and other general working conditions.

All employees, including temporary workers and part-time workers, also have benefits in addition to those included in the collective agreements and individual employment contracts. All permanent employees in Sweden (including part-time ­workers) are entitled to the following benefits: life assurance, health insurance and disability/invalidity coverage, healthcare fund, dental care, parental-leave agreements, retirement provision, company profit-sharing scheme, and company bonus schemes. All ­employees are, furthermore, included in the various leisure and healthcare activities arranged at the different units.

Temporary workers receive the following benefits: life insurance, health insurance, and disability/invalidity coverage. The level of all these benefits is higher than that stipulated in national legislation.

In addition, Boliden offers one free counselling session before retirement to all white-collar employees in Sweden.

MM4 Number of strikes and lockouts exceeding one week’s duration, by country

During 2019 Boliden experienced a strike in Finland exceeding one week’s duration. The Electricity Union strike began on December 5 and continued uninterrupted until the end of 2019. The strike covered 28 people in Boliden Kokkola. Due to the strike, we had to restrict production. Boliden enjoys good relations with the different unions and there is, from Boliden’s perspective, a mutual trust. Boliden supports active cooperation between employers and employees and their respective representatives in every area of shared interest. For a number of years now, the Group has had an agreement with trade union organizations with regard to union-related cooperation at all levels within the Group.

The employees have three representatives on Boliden’s Board of Directors. Boliden also has a Works Council comprising ­employee representatives from all of the countries in which Boliden operates. At a local level, employee representatives/union representatives sit on a number of different councils relating to employee management, production planning, and health and safety, etc.

The frequency of dialogue ensures a constant flow of relevant information, enabling the unions to understand how Boliden is performing and promoting a two-way dialogue on strategic matters.