pg. 132

"Freedom of association and collective bargaining

Atlas Copco views trade unions and employee representatives as a valuable support for its employees, and fosters relationships based on mutual respect and constructive dialogue. Labor practices and employee rights, such as collective bargaining, are covered in the Code of Conduct. In 2022, 29% (32) of all employees were covered by collective bargaining agreements.

As a decentralized organization, the engagement and dialogue with labor unions take place at a local level. In case of operational changes that may significantly affect employees or result in giving notice, the local laws and regulations as well as collective bargaining agreements are respected and complied to. The need for transition assistance programs is assessed at local level and the support provided through such programs are adapted to the situation at hand and to local market conditions. The Group’s internal job market is available to all employees and provides opportunities for internal mobility."