Bristow Group Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
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Human Capital Management
With over seven decades of operations, we are one of the largest and longest-serving helicopter operators in the world, with a reputation for operational excellence. Our employees are some of the most highly regarded experts in vertical flight solutions. We strive to prepare our employees for success through training, competitive benefits packages, and career development. Our success depends on our ability to attract and retain our pilots and mechanics. The competition for pilots and mechanics is competitive, and we compete with major Part 121 air carriers and the emergency air medical industry to attract and retain such talent. We believe the best way to attract and retain top talent is to invest in our people through creating safe work environments, employee training and multi-level engagement to support their success. We seek qualified candidates who are aligned with our commitment to safety and other core values of integrity, passion, teamwork and progress. Our areas of focus for human capital management are:
Health and Safety — Safety is our number one core value and highest operational priority. Our pilots, maintenance technicians and support personnel are committed to our mission to provide safe, efficient and reliable aviation services. We initiated our industry-leading safety program, Target Zero, and are one of the founding members of HeliOffshore, an organization dedicated to collaboration across the offshore helicopter industry to improve safety around the world.
We believe in keeping everyone safe and well, which includes doing our part to safeguard our physical and mental well-being. We currently have global resources in place to support mental health including an employee well-being portal that provides information and support channels for navigating stress and access to counseling and mental health professionals for all our employees around the world.
Training and Development — We are committed to elevating our employees. All of our employees are required to take periodic trainings that promote the commitment to our core values: safety, integrity, passion, teamwork and progress. Our pilots and mechanics are required to take the latest trainings to ensure they are equipped to operate our aircraft with the best knowledge and experience. Our licensed professionals are afforded the opportunity for continuing education in their fields of expertise.
Diversity and Inclusion — We are committed to attracting and retaining high-performing employees through a diverse talent base and evaluating and promoting throughout our organization based on skills and performance. This is reinforced through our policy under our COBI to provide equal opportunity for everyone in recruiting, hiring, developing, promoting and compensating without regard to race, color, religion, sex, sexual orientation, national origin, citizenship, age, marital status, veteran status or disability. Further, we have taken various steps to support our commitment to diversity including requiring all employees to undertake annual unconscious bias and inclusivity training and working to expand our diverse talent pool. Our workforce is represented by approximately 47 nationalities globally, approximately 22% of our U.S. employees are veterans and approximately 19% of our workforce are women, with 37% serving in management level roles and with half of our executive management team represented by women. In addition, our workforce includes racial and ethnic diversity across our global operations.
Compensation and Benefits — We offer competitive market-based compensation and benefits for the markets in which we operate. Competitive programs are critical to the well-being of our employees and their families, as well as retention and business continuity. Global benefit offerings include major medical, life, retirement/pension, employee well-being support akin to employee assistance programs in addition to local offerings that vary by country market.
As of December 31, 2023, we employed 3,298 individuals, including 830 pilots and 843 mechanics. We consider our relations with our employees to be good.
As of December 31, 2023, approximately 60% of our employees were covered by union or other collective bargaining agreements. Negotiations over annual salary or other labor matters could result in higher personnel or other costs or increased operational restrictions or disruptions. Furthermore, a failure to reach an agreement on certain key issues could result in strikes, lockouts or other work stoppages.
The following table sets forth our main employee groups and status of the collective bargaining agreements:
| Country | Employee Group | Representatives | Status of Agreement | Approximate Number ofEmployees Coveredby Agreement as of December 31, 2023 |
|---|---|---|---|---|
| Australia | Airnorth Pilots | Airnorth Pilots | Expired in June 2008 | 51 |
| Brazil | Brazil Pilots | National Aeronaut Union (SNA) | Expired in November 2023 | 100 |
| Brazil | Brazil Engineers and Employees in Rio de Janeiro (administrative and management) | Employee’s Union of the Air Service of Rio de Janeiro (SIMARJ) | Expired in November 2023 | 96 |
| Brazil | Brazil Employees Air Service in Cabo Frio Airport(admin, general maintenance, ground support, management) | National Union of Air Service Employees (SNAV) | Expired in November 2023 | 95 |
| Falklands | Falklands Pilots and Falklands Technical Crew | British Airline Pilots Association (BALPA) | Expired in March 2023 | 24 |
| Nigeria | Nigeria Junior and Senior Staff | National Union of Air Transport Employee (NUATE)s; Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) | Expires in March 2024 | 17 |
| Nigeria | Nigeria Pilots and Engineers | Nigerian Association of Airline Pilots and Engineers | Expires in November 2024 | 73 |
| Norway | Bristow Norway Engineers | Bristow Norge Teknisk Forening (BNTF) | Expired in September 2023 | 133 |
| Norway | Bristow Norway Pilots | Bristow Norway Rygerforening (BNF) | Expires in September 2024 | 166 |
| Norway | Bristow Norway Administration | Bristow Norway Teknisk Adminitrativ Forening (BNTAF) | Expired in September 2023 | 43 |
| Norway | Bristow Norway Rescuemen | Bristow Norway Redningsmenn (BNR) | Expires September 2024 | 23 |
| Norway | Bristow Norway Traffic Ops | Bristow Norway Operations (BNO) | Expires in March 2024 | 41 |
| Trinidad | Trinidad Fitters and Handlers | Oilfield Workers’ Trade Union (OWTU) | Expires in May 2025 | 30 |
| UK | UK Pilots, and Technical Crew | British Airline Pilots Association (BALPA) | Expired in March 2023 | 335 |
| UK | UK Engineers and Staff | UNITE | Expires in March 2025 | 555 |
| UK | Humberside Airport Staff | UNITE/Unison | Expires in May 2024 | 127 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.