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.
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