Coca-Cola Alicante workers accept redundancy plan

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Ninety percent of the 111 workers at the Coca-Cola plant in Alicante have accepted a settlement.

 

The workers agreed to the conditions of the Voluntary Redundancy Plan (ERE) set by Iberian Partners which run the factory.

The proposal of the company’s compensation package is of a payment of 45 days wages per year served, with a maximum of 42 months, for those who take voluntary redundancy; €15,000 for those who move to Valencia, and early retirement for those aged 56 or older with 80% of their salary.

Of the employees affected, between 70-90% requested a transfer to Valencia.

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