Last Wednesday (November 19, 2025), the second round of negotiations took place regarding a new collective labor agreement for Signify employees. The talks were intense, but the atmosphere was positive and constructive. We'd like to update you on the key points.
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Employer provides poor substantiation of meager wage offer
On behalf of all the unions, we gave a presentation in response to Signify's initial wage offer. This offer (2%) was far below our target (6%) and was justified by the employer by arguing that Signify was doing "badly."
Our analysis: 'things are going badly' is not an accurate picture
Our actual data shows that Signify's revenue and profit have remained relatively stable in recent years, despite the challenging circumstances. Furthermore, dividends have been paid to shareholders annually, and a share buyback program of €350 to €450 million has been initiated over a two-year period. Therefore, we believe the perception that Signify is performing poorly financially is inaccurate.
Employees' loss of purchasing power is significant
Our calculations show that employees with collective bargaining agreements have lost approximately 15% of their purchasing power over five years. The employer claims this is 8%, but they lack substantiation.
Financial expert Signify largely confirms our analysis
Signify's financial expert acknowledges that our assessment of the current financial situation is not inaccurate. However, he points to potential headwinds from market developments and currency effects. What this means for the future is impossible to predict.
Signify's responses to other proposals
The employer is willing to discuss further:
- The right to a career check
- Extension of the current RVU scheme
- Harmonization and flexibilization of part-time arrangements
Signify wants to agree on the work-from-home arrangement (except for the expense reimbursement) with the central works council. They will, however, discuss the compensation with the trade unions.
The employer does not want to go beyond the current collective labor agreement regarding our proposals regarding 100% pay during maternity leave and partner leave, as well as improvements to the travel allowance scheme.
Central social plan: extension only under conditions
Signify will only discuss extending the central social plan if we are willing to reduce the correction factor (C) from 1,85 to 1,65. We do not consider this negotiable at this time.
Next steps
The next round of negotiations will take place on December 2, 2025. We will, of course, inform members immediately afterward of progress.
Questions?
If you have any questions following this message, please contact the advocate Suat Koetloe by email suat.koetloe@unie.nl or call 06-5252 2061.
