Brief: Progress-Werk Oberkirch To Conclude Agreement With IG Metall

PWO AG

27/09/2019 09:06

Sept 27 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * INTENDS TO CONCLUDE COMPANY COLLECTIVE AGREEMENT
    * DECIDED TO TERMINATE COMPANY'S MEMBERSHIP IN METALWORKING
AND
ELECTRICAL INDUSTRY EMPLOYER ASSOCIATION WITH EFFECT FROM
DECEMBER 31, 2019
    * TO CONCLUDE COMPANY COLLECTIVE AGREEMENT WITH
METALWORKER'S
UNION IN GERMANY, IG METALL, IN COOPERATION WITH PWO EMPLOYEE
REPRESENTATIVES
    * EMPLOYMENT SECURITY WILL BE MAINTAINED UNTIL END OF 2020
    * DECISION NOW TAKEN IS INTENDED TO STRENGTHEN
COMPETITIVENESS OF
OBERKIRCH LOCATION, ENABLE IT TO CONTINUE TO OPERATE PROFITABLY
IN FUTURE DESPITE CURRENT INDUSTRY DEVELOPMENT
    * AIM OF THIS STEP WOULD BE TO REALIZE SAVINGS IN
MID-SINGLE-DIGIT
MILLION RANGE

Source text for Eikon:  ID:nEQ6K2z2sa 
Further company coverage:  PWOG.DE 

 (Gdynia Newsroom)
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