Company: GIFLF
Filing Date: 2025-02-26
Form Type: 6-K
Source: 0001104659-25-017501
Chunk: 52

Company: Grifols SA
Filing Date: 2025-02-26
Form: 6-K
Chunk 52
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 as to revise and publish its           
 Expatriation Policy.                                                          
 This update will facilitate a global approach for all employees regardless    
 of location while adapting to local needs; create a holistic framework        
 grounded in consistency, fairness, clarity and compliance while providing     
 flexibility for specific situations; and simplify workflows by significantly  
 reducing the number of approvals required.                                    
 These policies are global in scope and include norms regarding eligibility,   
 pay criteria, approvals, amounts and benefits in the case of the Expatriate   
 Policy.                                                                       
 Additionally, Grifols is currently working on a job evaluation project to     
 establish a methodical and rational hierarchy of jobs based on their relative 
 value to the organization, i.e. evaluation of roles and not the people who    
 occupy them.                                                                  
 Social protection                                                             
 Employee compensation packages feature several social benefits,               
 which in most countries, include healthcare access and income-support         
 instruments in the case of illness, unemployment benefits, which accrue       
 from the first day of employment; workplace accidents and acquired            
 disability; parental leave; retirement, and death and disability coverage.    
 Social protection systems differ from country to country. In designing its    
 supplementary benefits, Grifols takes into account each country’s standard    
 practices, particularities and social welfare needs.                          
 At the close of 2024, 100% of Grifols’ workforce was covered by               
 corporate welfare benefits:                                                   
 In Spain, the primary social-benefits structure is public: its Social         
 Security system supports individuals in specific circumstances including      
 unemployment, death, retirement and illness, among others. In addition,       
 Grifols complements and encourages participation in employee pension          
 plans for team members in specific categories by doubling their               
 contribution.                                                                 
 Additionally, the Partial Retirement Agreement signed with Spanish trade      
 unions came into effect in December 2019. This accord regulates partial       
 retirement for Grifols’ employees until December 2025.                        
 The U.S. model transfers the coverage of retirement plans to the private      
 sector and personal initiative, as established by Employee Retirement         
 Income Security Act (ERISA) standards.                                        
 In the United States, Grifols offers employees the option of contributing     
 to a 401(k) Retirement Plan, allocating a maximum of 5% of their annual       
 salary based on individual contributions. With regard to illness or death,    
 Grifols offers private coverage for all of its collaborators, which employees 
 themselves can expand.                                                        
 Ireland also has a public benefits system which supports individuals in       
 situations such as