Cartamundi staff accept redundancy offer as number of collective job losses soars via IrishTimesBiz
Cartamundi is to close its production plant in Waterford at the end of August. Photograph: Patrick BrowneThe union representing the majority of workers at Cartamundi in Waterford, which is to close in August with the loss of 234 jobs, was told by management that the company’s failure to qualify for Government energy supports was among the factors that prompted its Belgium-based parent company to pull out of Ireland.
Almost 90 per cent of the 184 Siptu members at the plant voted last week to accept a redundancy package of the statutory rate plus four weeks’ pay for every year of service, with the ex gratia payment element capped at 55 weeks. Forty-four workers who left the company last year are included the deal, which also provides for a range of supports in terms of taxation and pension advice as well as help with securing new employment.
Siptu’s manufacturing division organiser Greg Ennis said the union “recommended the deal as the best that could be secured in the circumstances”.
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