Edison

The energy of our people

At December 31, 2008, counting the staff of companies consolidated on a proportional basis, the Edison Group had 2,961 employees, or 316 fewer than at the end of 2007, when 3,277 employees were on its payroll.

The following significant events occurred in 2008:
• A decrease in the payroll of the electric power operations, owing to the sale of the CIP 6/92 power plants to Cofathec and Seci Energia (93 employees transferred) and overall reduction of 34 employees by Edipower;
• An expansion of the staff of the hydrocarbons operations, due mainly to the need to support foreign exploration activities and the opening of branches in the Ivory Coast and Norway, and of the departments involved in the new Trading and Power International areas in the Balkans and Greece;
• A significant staff reduction (-317 employees) due to a change in the scope of consolidation resulting from the sale of the water operations and the deconsolidation of their staff. Net of this effect, there was virtually no change in the Group’s payroll from 2007 to 2008.

Total labor costs for the year amounted to 223 million euros in 2008, or about 2% more than in the previous year. The process of making the internal regulations of the Company retirement fund (FIPREM) consistent with the statutory requirements introduced by Legislative Decree No. 252/2005 and those of the Regulatory Authorities continued in 2008.

Lastly, the Company launched the “Edison for You” program, designed to help employees reconcile personal and work obligations by providing them with services in the areas of child care and education, medical prevention and wellness, tax and legal consulting services, and the handling of daily chores. This program was very well received by employees and won top honors in the prestigious “Family and Work Awards,” a contest organized by the Regional Administration of Lombardy and the High Enterprise and Corporate Management School of the Sacred Heart Catholic University of Milan.