Altadis and Labour Unions Reach an Agreement on Industrial Restructuring in Andalusia.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 management of 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. and company labour union representatives, with the mediation mediation, in law, type of intervention in which the disputing parties accept the offer of a third party to recommend a solution for their controversy. Mediation has long been a part of international law, frequently involving the use of an international commission, of the Andalusian Andalusian, Andalucian breeds of animals named after the Spanish province of Andalusia. Andalusian ass gray donkey, origin of American and other ass breeds. Regional Government (Junta jun·ta n. 1. A group of military officers ruling a country after seizing power. 2. A council or small legislative body in a government, especially in Central or South America. 3. A junto. de Andalucia), have reached an agreement for the industrial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of the Company in Andalusia. This (agreement confirms the closing of the Cadiz cigar factory and) maintains the production in the Seville cigarette factory until December 2007. The agreement extends the early-retirement option to employees who will reach 50 and 51 years in Seville and Cadiz respectively as of December 31st, 2005. The conditions of this agreement allow Altadis to implement its restructuring within a financial framework that is very close to the one it envisaged initially (with respect to both costs and savings). Specifically for Seville (which current staff comprises 220 employees) : - 114 employees will have the possibility to opt for early retirement, applicable once the final agreement is signed. - The Company garantees production with a staff of around 100 persons, until December 2007. - Employees who will be 50 years old and above by end 2007 (approximately 60 persons), will have the possibility to opt for early retirement at that time. - To the rest of the employees (40 persons), when the factory will close, Altadis will offer positions in its other facilities, among which the new logistics platform and distribution centre, should any vacancies exist. - The Group will build logistics platform and distribution centre in Alcala de Guadaira (Seville province), with a projected investment of 27 million euros. The facility will provide jobs for approximately 220 employees, including the 90 who are currently employed within the Logista centre in Seville. For Cadiz (where 166 persons are concerned) : - With the above-mentionned extension early retirement option applies to 166 persons on the site, therefore, with intra-site transfers, the company avoids any other redundancy in Cadiz. -The agreement envisages a concerted effort by authorities and company management to include the Centro Industrial Tabaquero de Cadiz as a Free Trade Zone, with a view to making the factory more competitive and ensuring its strength within the tobacco industry of the Bay of Cadiz Bay of Cadiz can refer to the following places:
Altadis wishes to highlight the important role played by the Junta de Andalucia in its mediation and search for alternatives to solve a problem, thus enabling both the Company and its employees to reach the best possible agreement for all parties involved. This agreement is a testimony of Altadis commitment to the region. It will consolidate employment in the province of Cadiz and will strengthen the Company's logistic lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation activity in Seville, both of which will contribute to promoting future generation of wealth and employment in Andalusia. |
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