Spain -Unions and private-equity firm clash over Panrico restructuring -October 04, 2013

Trade unions walked out of a meeting and announced an indefinite strike after baker Panrico suspended the pay of its 4,000 employees and said it intended to fire 1,900. The bakery, owned by private-equity firm Oaktree Capital Management, is trying to avoid insolvency. Following the union action, Panrico agreed to resume payment of its staff and set up a new meeting with trade unions UGT and CCOO. Afterwards, the unions said they would consider calling of the strike if constructive bipartite talks are initiated over the restructuring of the firm.

English: http://www.just-food.com/news/panrico-to-reinstate-pay-after-union-talks ...

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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