Altadis: Special Central Works Council Meeting in France.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- The Seita Central Works Council held an additional Special Meeting today at the headquarters of the Altadis Group. The meeting was dedicated to a review of the new employee support project concerning the restructuring of the Group's businesses in France. A last special meeting of the Central Works Council has been scheduled for August 4, 2004. It will constitute the final phase in the legal procedure in France. The restructuring plan, which concerns both France and Spain, is designed to enable Altadis to confront the inevitable erosion in dark cigarette consumption, the foreseeable decline in tobacco use in Western markets and the consolidation and restructuring that is currently shaping the tobacco industry. In France, it involves the closure of the Lille cigarette production facility and Regional Distribution Center, the Morlaix cigar production facility, the Tonneins Threshing threshing or thrashing, separation of grain from the stalk on which it grows and from the chaff or pod that covers it. The first known method was by striking the reaped ears of grain with a flail. and Treatment Center, and two units in Dijon. As it has always done, Altadis is committed to offering a solution to each of the 701 employees concerned, as part of a comprehensive support program comprising three types of practical, clearly defined measures: --A vast internal mobility plan, offering a larger number of positions, to enable any employee who so wishes to continue working for the Group (275 jobs will be offered vs 204. If this is not enough, a targeted voluntary early retirement system will be set up, so as to free up the additional jobs needed to meet the transfer requests of the employees concerned by the restructuring). Altadis is fully committed to facilitating mobility by offering all employees positions corresponding to their professional skills and, whenever possible, in the establishment of their choice, by removing obstacles to mobility (jobs for spouses, accommodations, integration into a new professional and social environment, etc.) and by providing greater financial assistance. --A major outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. program. Through this program, Altadis is committed to providing employees with a firm outplacement opportunity, an improved outplacement allowance to supplement severance pay Severance Pay Compensation that an employer gives to someone who is about to lose their job. Notes: Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. , training programs, a compensation equalization In communications, techniques used to reduce distortion and compensate for signal loss (attenuation) over long distances. allowance and a full range of support measures for employees who want to create their own company. --Age-related measures financed by the Group and covering 60% of the employees directly concerned by the restructuring. The persons concerned will be eligible either for a temporary work dispensation DISPENSATION. A relaxation of law for the benefit or advantage of an individual. In the United States, no power exists, except in the legislature, to dispense with law, and then it is not so much a dispensation as a change of the law. with payment equal to 75% of the base salary for employees over 50, or for early retirement in the case of employees over 55. In addition, Altadis will lead initiatives to revitalize the economy of the regions affected by these measures to help create at least as many jobs as are eliminated. (Sicovam:012975) (Isin:ES0177040013) (Reuters:ALT.MC ou ALDS ALDS American League Division Series ALDS Automatic Lightning Detection System ALDS Advanced Laser Diode Simulator ALDS Armored Laser Detecting Set ALDS Academy Lakes Day School (Academy at the Lakes) ALDS Application Layer Data Striping .PA) (Bloomberg:ALT SM ou ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. .SM) |
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