Altadis Begins Official Consultation Procedure Period with Unions Regarding the Restructuring Plan for Spain Announced in July 2003; Employment Adjustment Plan for Spain Presented to the Ministry of Labour.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. -- In conformity with Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. regulation, Altadis Altadis S.A., (IBEX-35:ALT) is a multinational purveyor and manufacturer of cigarettes, tobacco and cigars. Altadis is the result of a 1999 merger between Tabacalera, the former Spanish tobacco monopoly and SEITA, the former French tobacco monopoly. presented today its Employment Adjustment Plan for Spain Spain, Span. España (āspä`nyä), officially Kingdom of Spain, constitutional monarchy (2005 est. pop. 40,341,000), 194,884 sq mi (504,750 sq km), including the Balearic and Canary islands, SW Europe. , announced in July 2003, to the General Direction of Employment of the Spanish Ministry of Labour and Social Issues. This presentation enables to initiate the official consultation procedure of workers' representatives at Company Unions Committee. In this negotiation process, the company intends to reach an the agreement of the Unions that would establish the measures and conditions of the employee support program as envisaged in the Employment Adjustment Plan. The Plan includes early retirement, voluntary redundancies voluntary redundancy n (BRIT) → despido voluntario voluntary redundancy n (Brit) → départ m volontaire (en cas de licenciements) with incentive payments and geographic mobility to support production transfers to the dark cigarette factory in Alicante and the blond cigarette factory in Logrono. The plan involves the transfer of the Tarragona factory production to Logrono, of the cigar workshop in Cadiz to the factory in Cantabria and the maintenance of the production in the Seville factory until 31st December 2007, from which date the production will be taken on by the Alicante plant. |
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