Tubos Reunidos has stressed that it is "essential to resize" the company
At this Wednesday's meeting, the company has maintained its offer of pre-retirement from the age of 59 and promoted casualties, with 38 days per year.
Tubos Reunidos maintains its offer at another meeting on the Employment RegulationDossier (ERE), which aims to "minimize" the social impact of 301 redundancies, and the management insists that "redimensioning" the company is "essential."
This Wednesday there was a new meeting between representatives of the company and the workers in Bilbao to negotiate the ERE, and this time again 274 redundancies have been proposed in Amurrio and 27 in Trapagaran.
At the previous meeting, Tubos Reunidos improved its initial offer, which it repeated today without further ado: pre-retirement at the age of 59, with 65% of its gross salary; 30 days' salary with a 12-month limit for contingents; and in the case of voluntary leave, compensation of 38 days per year worked, with a maximum of 24 monthly payments and an additional 1,500 euros per year worked.
The consultation periodon EREs will end next Monday, 9 March, when the last negotiating meeting is scheduled.
According to a statement from the company, it has again today argued that it is "crucial" that in the coming weeks there will be an labor agreement that will facilitate the remaining axes of the viability plan (debt restructuring and the search for financing) so that the company "does not have to present other measures. "
According to the management, "the decline in demand and consequently the current overproduction is structural, so it is essential to resize the company." In the last 10 years, Tubos Reunidos has produced positive results in just two years, with a loss of EUR 71.3 million last year.
The company has a debtof 263.2 million, half of which is 112 million borrowed by SEPI in 2021, plus interest.
Moreover, following losses from US market tariffs and imports of pipelines from China and Ukraine into Europe, Reunited Tubes has warned that it will be necessary to adapt to lower long-term demand.
The trade unions , which have not yet made their views public, refused last week to assess the offer of departures and are calling for the withdrawalof the ERE, a position they held this morning, at the gates of the Euskalduna Palace, during a negotiating meeting and at a rally in front of the delegation of the Basque Government in Bilbao, in which they called on the Basque Government to involve itself in a business solution.
You might like
Volkswagen will cut 50,000 more jobs, half in Germany and the rest in Europe
The Volkswagen group is in crisis due to strong competition from Chinese manufacturers in Europe, declining sales in China and tariffs in the United States.
France announces aid to farmers affected by drought
Farmers' representatives will meet next week with the French Ministry of Agriculture to convey their demands. The effects of drought and heat are being felt economically, but also physically and mentally.
A worker died in an accident at a winery in Lanciego
The incident took place around 12:20 p.m. and the circumstances of the incident are being investigated. Emergency services have been moved to the scene, but the operator's life has not been saved.
A new tax on fast and cheap clothing is introduced in France
Asian giants like Shein or Temu will now have to pay penalty rates of between 50 cents and 12 euros per garment.
The diesel discount goes up to 20 cents per litre, and the gasoline discount goes down to 5 cents
The tax rebate on diesel has doubled since today, while petrol has halved.
The Basque Government will meet again this Tuesday with farmers to assess the impact of the drought
Agricultural associations and trade unions, among others, want the ACV to be declared a drought zone and special measures to be taken. The meeting will take place at 4 p.m. at the headquarters of the Basque Government in Vitoria-Gasteiz.
Trade unions and employers sign the first agreement on nursing homes in Navarre
After more than five years of negotiations, trade unions and employers have signed the agreement today, which will involve more than 5,000 workers.
The electricity bill has risen 19% in August, reaching its highest level since 2022
Rising demand in heat waves and rising natural gas prices will make an average user's receipt about EUR 14 more expensive.
The 20 cent diesel rebate will come into effect on Tuesday
The measure, which has so far been reduced by 10 cents per litre, aims to combat fuel prices by 15.7% in July.
The September hill this year will be one of the hardest in years
With the return to work, the families of the Basque Country face another reality, which is that this year's September hill will be one of the hardest in recent years, as evidenced by inflation at 4.3%, a figure not seen since February 2023.