20 December 2012 17:31 [Source: ICIS news]
LONDON (ICIS)--Threats of strike action that would hit Poland's Ciech group have been withdrawn after the unions reached a deal with management on severance pay for 600 employees who are to lose their jobs at the Zachem toluene di-isocyanate (TDI) subsidiary, union representatives said on Thursday.
Each worker made redundant is to receive at least zloty (Zl) 50,000 ($16,234, €12,255) under the agreement, they added.
On 14 December, Ciech informed employment officials in Bydgoszcz, northern Poland, where Zachem is based, that 593-600 employees out of 695 would be made redundant as a consequence of the closure of Zachem's TDI division.
The following day, state-controlled Ciech announced it was divesting some of its Zachem TDI business assets to German chemicals giant and TDI rival BASF.
The transaction meant Zachem would have to cease TDI production because of a non-competition obligation embedded in the deal, it added.
The announcement of the move led to demonstrations organised by an action committee of union representatives who asked ministers to intervene.
($1 = €0.75, $1 = Zl 3.08, €1 = Zl 4.08)
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